When looking to refi an existing mortgage there are a number of sites that let you get a list of lenders. You can filter by interest rates, points etc. If one picks a company to go with, how can one know they are dealing with a bank that isn't out to do something "shifty"? Just because they advertise a low rate, is it kinda like someone selling something on ebay that is 50% less than everyone else, but the shipping is $50 for a $2 item so to speak. What are a handful of key things to look at when choosing a lender to refi with? Not so much worried about fraud per say, just something "hidden" in the details.
How about these checks?
- Look up online reviews
- Better Business Bureau reviews
- FDIC membership