buck183

Getting ready to finish the construction of our new home. We will be rolling the construction loan into a permanent mortgage. Currently shopping our options. Someone told me about Lenox Financial. Apparently they don't have closing costs, but they are real vague on how the process works.

For some odd reason I trust you guys to lead me in the right direction. Give me some input if you have any.

Thanks,

Buck

RebarBox

I'm sure your bro-in law can answer that question.

LV

Most of your closing cost consist of Insurance and Taxes, your going to have closing cost one way or another.As far as the rest of it, someones going to get paid, probably by raising your rate .125 and kicking back the broker a point.

buck183

Chad, talked to him about it. He had never heard of them.

I'm with you Grand, there has to be something going down on the back end of the deal.

I can't get them to speak english to me and explain how it works. That in itself kinda pisses me off.

Buck

LV

Yes, no English,Thats pretty much an automatic F*U&*ck off.

buck183

Let me rephrase that. He was speaking perfectly good english. He wasn't using terms that I understood. If you can't speak layman I'm out.

Buck

WeaponX

Did you "press" 1 for English??

oldslowmaxum

Shop local and use a lender that does their own under writing.

That way if or when there is a problem your not waiting on someone 1k miles away that could care less if your loan gets closed or not.

buck183

NO! I had to put my finger in the ''1" hole and rotate the dial until it touched the finger thingy.

Buck