Good Experience with Mortgage Capital Associates for Mortgage (not Spam)
All -
I just closed on a house using a mortgage company from California named Mortgage Capital Associates. I pulled them out of the Sunday Paper, and they were the only ones to actually have the rate advertised. I was nervous the whole time, since I couldn't find any real information about them. However, they have been in business for 20 something years. The loan was no problem the fees were wicked low, and when I got the call telling me everything was all set and they were cutting the request for documentation, the agent, Brian Wiener, told me he got me a LOWER rate - 5.5 vs. 5.625. Who knew? Anyway, my experience was beyond excellent, and well beyond my expectations. P -- _______________________________________ El Penguini - 1/2 Penguin, 1/2 Chicken - All Fowl "Penguins is practically chickens" |
Good for you. I had just the opposite experience.
I wanted to refinance my home. I have excellent credit and no obsticles that would otherwise slow down the process. Easy, or so I thought. I had to deal with five different people along the application process, neither of whom seemed to know what the other was doing. My assigned case worker never got back to me with answers to my questions and didn't seem to read my answers to her questions, as I got asked the same questions over and over again. Eventually, the rate lock expired, but hey, I could extend for a fee of $500, of course with no guarantee that they would get their act together in the new time frame. I aborted the process. Mortgage Capital Associates may have cheap rates, but to me they're also a cheap company. Don't use them. El Penguini wrote: All - I just closed on a house using a mortgage company from California named Mortgage Capital Associates. I pulled them out of the Sunday Paper, and they were the only ones to actually have the rate advertised. I was nervous the whole time, since I couldn't find any real information about them. However, they have been in business for 20 something years. The loan was no problem the fees were wicked low, and when I got the call telling me everything was all set and they were cutting the request for documentation, the agent, Brian Wiener, told me he got me a LOWER rate - 5.5 vs. 5.625. Who knew? Anyway, my experience was beyond excellent, and well beyond my expectations. P |
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