A total stranger in the hardware aisle gave me the best mortgage advice

He overheard me muttering about rates, said 'Forget the big banks, go straight to a local credit union.' I saved almost a full point on my rate. Anyone else have a random tip that actually worked?

3 comments

3 Comments

casey_ramirez351mo ago

Credit unions are the move. They have way lower fees too. My closing costs were almost half what the big bank quoted. Just gotta be a member, which is usually super easy.

terryk281mo ago

My last mortgage was through a credit union, @casey_ramirez35, and honestly the process was a headache. Their tech was way behind, and getting a simple document took days of phone calls. The lower fees looked good on paper, but the slow service almost made me miss my closing date. I switched to a big bank for my refi and the difference in speed was huge. Sometimes you really do pay for convenience, and for me that's worth it.

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skylerrobinson1mo ago

Yeah, that "almost made me miss my closing date" part is the real nightmare. I had a similar thing with a car loan once, where they needed one more form and it took them a full week just to email it. You're sitting there waiting, and they're just in no hurry at all. The lower rate felt great until I was stuck in that waiting game. Sometimes the extra cost at a bigger place is just the price of not having your time wasted.