Search found 3 matches

by not-a-financial-guru
Sat Mar 15, 2014 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone ever use Sebonic Financial for mortgage?
Replies: 18
Views: 50765

Re: Anyone ever use Sebonic Financial for mortgage?

That was a very wise posting and I appreciate it since you are so correct. Emotions are running high right now with inspections starting on Monday, trying to find a loan, in the middle of moving estimates, etc.

We have a few local options. The best only offers a 15 year loan, which is not affordable based on the required monthly payment, but Wells Fargo might be the next best with a 30 year loan. Their rate is a quarter point higher than what we have found online with about triple the fees. Not the best, but it does offer peace of mind...something I'm sorely lacking at the moment. ;-)
by not-a-financial-guru
Sat Mar 15, 2014 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone ever use Sebonic Financial for mortgage?
Replies: 18
Views: 50765

Re: Anyone ever use Sebonic Financial for mortgage?

Thanks for the reply. I did some further digging and they do appear to be licensed to do business in Texas. However, I'm still a bit leery since it's an online lender and we need to close in 30 days. We are closing on our home in Wisconsin on the 14th and need to close on our Texas home by the 16th, per the contract. We don't want to lose this house contract, nor do we want all our stuff in a semi with no place to go. In other words, this contract needs to make it to the closing table on time.

The brick and mortar institutions have MUCH higher rates/fees but maybe they are the better choice due to the lower risk. Ugh. I wish I could find a reputable brick and mortar that wasn't so much more painful to our pocketbook.
by not-a-financial-guru
Sat Mar 15, 2014 3:41 am
Forum: Personal Finance (Not Investing)
Topic: Anyone ever use Sebonic Financial for mortgage?
Replies: 18
Views: 50765

Anyone ever use Sebonic Financial for mortgage?

We need to close a 30 year conventional home mortgage loan in exactly 30 days from today. We looked at local banks and they have very high fees along with high rates. Now we are looking online and came across Sebonic Financial. They have rather great reviews at Zillow.com and some other sites, but along with those great reviews are some very poor ones. The loan officer I talked with seemed knowledgeable but pushy (and I found a negative review of him specifically online). I wonder if I can ask for a different agent. Anyway, their rates are very good and the only fees are supposed to be a $445 appraisal fee and a $125 Texas attorney review fee. We will still have to pay title fees, and I'm assuming they can work with the title company we hav...