Refinancing mortgage with Costco. Anyone have any feedback?
Thread created 08-05-2016 by Behave
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We also didn't find PenFed competitive. I mean, they were better than walking into "Big National Bank" and asking for the current numbers, but they weren't the cheapest, in part because they had a...
Refinancing mortgage with Costco. Anyone have any feedback?
Thread created 08-05-2016 by Behave
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I almost refi'd with one of the costco lenders but glad I didn't.
They do have great rates but I compared it with my local lender and they came out ahead of the game with no closing costs for me.
Refinancing mortgage with Costco. Anyone have any feedback?
Thread created 08-05-2016 by Behave
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11 Replies
16,881 Views
When I refi'd several months ago I didn't find penfed competitive against other online-based lenders when it came to fixed loans. Their origination fee is high at 1% and their quotes were higher than...
Refinancing mortgage with Costco. Anyone have any feedback?
Thread created 08-05-2016 by Behave
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Very true. Here is the breakdown of what I paid for fees:
Non-negotiable fees:
Origination Fee: $1360 (PenFed's closing fee)
CLO fee: $65
Appraisal: $365
Credit Report, Flood...
Refinancing mortgage with Costco. Anyone have any feedback?
Thread created 08-05-2016 by Behave
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Was all done electronically and over the phone. The only thing that I had to see an actual person about was for the closing, and that was done from the comfort of my kitchen table. I used First...
Refinancing mortgage with Costco. Anyone have any feedback?
Thread created 08-05-2016 by Behave
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Always keep in mind that when you see zero points that there are customarily additional lender fees associated. The rate means nothing without measuring all fees against each other.
Refinancing mortgage with Costco. Anyone have any feedback?
Thread created 08-05-2016 by Behave
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Those rates are nice. Now I'm tempted to refi, lol... Curious if you used a physical branch location or did it all remotely? There aren't any locations anywhere near me. Thanks.
Refinancing mortgage with Costco. Anyone have any feedback?
Thread created 08-05-2016 by Behave
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11 Replies
16,881 Views
Go with Pentagon Federal Credit Union. They are going to be way cheaper than Costco, I am can almost guarantee it. I used them earlier this year and was very happy with the process. I went from a...
Refinancing mortgage with Costco. Anyone have any feedback?
Thread created 08-05-2016 by Behave
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11 Replies
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I looked into doing a purchase with them; was not cost effective. Better place to look is Zillow Mortgage Marketplace. Closed on a purchase in June. 3.5%, almost no cosign costs.
...
Refinancing mortgage with Costco. Anyone have any feedback?
Thread created 08-05-2016 by Behave
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Well it's clear that Costco doesn't actually write the mortgage here.... they probably get some kickback for coordinating mortgage services with the outside lender. That said, I wouldn't treat them...
Refinancing mortgage with Costco. Anyone have any feedback?
Thread created 08-05-2016 by Behave
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11 Replies
16,881 Views
I am a fan of Costco (just shopped there yesterday) however I have no experience with their finance division. The website link you provided reflects they pass the loan off to First Choice Loan...
Refinancing mortgage with Costco. Anyone have any feedback?
Thread created 08-05-2016 by Behave
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11 Replies
16,881 Views
I was shocked at the fees Chase wanted.
How is refinancing with Costco?
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