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Home mortgage refinance

September 15, 2013 01:22AM

Registered: 12 years ago
Posts: 62

Any recommendations on a finance institution to use for a refinance?

Re: Home mortgage refinance

September 15, 2013 07:45AM

Registered: 6 years ago
Posts: 12,078

You can try First Liberty Mortgage as well as First Bank.
Shop around.

Re: Home mortgage refinance

September 15, 2013 10:01AM

Registered: 10 years ago
Posts: 198

First Bank is the worst
We refinanced a year ago and it took 100+ days to get it done and the original mortgage was from First
We had to keep redoing all the documents, bank statements etc, as they expired after 30 days
30 days after we "closed" we had to go back and resign the documents as they had mistakes on the originals

Re: Home mortgage refinance

September 16, 2013 08:40AM

Registered: 8 years ago
Posts: 2,285

We just completed a refinance with ScotiaBank after our balloon mortgage expired. They were the original lender. I took almost TWO YEARS to complete the refinance.

At one point, they said we were lucky because most people on STX are underwater now and can't qualify for a refinance or even get a mortgage now.

It was scary.

Re: Home mortgage refinance

September 17, 2013 03:22PM

Registered: 6 years ago
Posts: 27

Try Flagstar Bank. I just purchased a house on St. Croix and used them for financing.. They are stateside, based in Troy, MI, so things tend to move faster with them in comparison to the VI-based institutions, although the process regardless tends to be a bit slower than on the mainland.


Re: Home mortgage refinance

September 18, 2013 08:53AM

Registered: 8 years ago
Posts: 2,285

Friends of mine used Flagstar and were very happy with the service and speed. I was too far down the pipeline to switch so I just stuck with Scotia.

Re: Home mortgage refinance

September 18, 2013 10:26AM

Registered: 10 years ago
Posts: 643

for a local (STX) option:

Michael E. Armendariz
Capital Mortgage Services
NMLS # 396821
340-773-8100 office
340-773-5361 fax

Re: Home mortgage refinance

September 18, 2013 02:29PM

Registered: 10 years ago
Posts: 330

2nd Capital Mortgage and Michael Armendariz. Had no problems re-financing.

Re: Home mortgage refinance

September 19, 2013 08:14AM

Registered: 8 years ago
Posts: 2,285

Before my friends got connected with Flagstar, they were trying to work with Michael Armendariz. They were extremely dissatisfied and had to go else where.

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