Did you end up going with absolutemortgage? If so, how was your experience with them compared to previous refi’s?[/quote]
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No i didn’t use them. It was too late on my loan.. maybe next time. I wish I saw this email before. My lender didn’t offer the negative points option.
Comparing same exact loan terms, my lender (an esoteric credit union in L.A.) was cheaper than absolutemortgage after their rebates by about $200-300… Absolute however, offered a 3% negative point loan that after cost that really left you with cash in the pocket. The difference was that with absolute, the appraisal cost isn’t included in the total calculation. My lender’s cost included the appraisal, and the appraisal fee for my lender was $300. So that’s why absolute’s 2.875 product at the time came out to be slightly more than my lenders.
My actual cost wasn’t $3k, because part of it was prorated interest payments for not closing on a complete month. (my goof)…
