Who are the best lenders out there right now regarding re-financing a home mortgage?

I am currently with Citimortgage and I'm thinking about re-financing my condo.They do charge a one-time non-refundable processing fee of $635.00.Is that a decent price or are there better deals out there and what lenders don't charge a closing fee (if any)? Any recommendations?Who are the best lenders out there right now regarding re-financing a home mortgage?
always be careful of no closing cost loans! or very low closing cost loans! the better question is what rate are they charging you! processing fees are charged to all loans! All banks charge fees the question is what will you be charged! banks do not have to show you yieldspread! this is money the bank makes for charging you a higher rate.


all banks and most brokers charge a average of 3% in fees


most companies split this up between up front fees and what is refered yieldspread.





you could find rates now as low as 5.50% depending on your credit scores! find a lender that will find you a great rate and a low APR ! Good luck!Who are the best lenders out there right now regarding re-financing a home mortgage?
You need to keep in mind that its not all about closing costs. You need to look at the interest rate, APR and terms of the loan to see if you are really getting the best deal. From past experience in dealing with customers, many offers coming from their current lenders are much higher than what is available on the market at the time. They assume that the low closing costs alone with make the borrower think they are getting the best deal. In many cases, paying $1500-$2000 in closing costs for a significantly lower rate is well worth your while over the term of the loan. Keep in mind that higher rates equal higher payment and a loan that pays down much slower. If you need any additional information or clarification regarding this, feel free to email me.
Generally, I'd agree with the guy above. However, Bank of America truly has a no cost loan, and the rates are competitive. I don't know it it applies to refinances, but it's definitely available for purchases.





Call a few banks, including your regular bank, and maybe a credit union. Don't call a broker. Save yourself some dough by doing the legwork your self.





I meant ';DirectLe';. That was the only one there when I started typing.