Where to go for a mortgage?

There are so many places you can go for a mortgage or a refinance. The choice is basically yours but use your brain and shop good!

But you will also shop where you can. Here's an example: If your middle credit score (FICO) is 700 then you have the world to shop. You will have a very good rate and you shouldn't pay points or close to none! My first choice would be your current bank since they know you and they will serve you right. Check with them how many points they take.

If your credit score is a 600 then you will be limited! Many banks cannot even refinance you at 100% with that score. They would go up to 90% or 95% and on top of that they will charge you 2 or 3 sometimes 4 points.

Between you and I, if they want to charge you more than 2 points, make sure you go and check with 2 other mortgage companies. Within 14 days you can have easily 3-4 companies to pull your credit for a mortgage and it WILL NOT affect your score!

Enjoy!