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