Can anyone reccomend a bank , etc online? our van was purchased at 18% int. And we want to refi. First of all, are online banks more forgiving of past credit problems, or would be better off going with a local bank? My husbands reports include a 180 late student loan form 1996, and 2 paid collections from 1997 or so. what do you think? Could we even refinance? His Fico score last time I checked was 678. But experian and transunuion were much lower, like 620-630. what do you think? is eloan good? what about lending tree? thanks for any input. jody
Jody If the only negatives on DH's credit is old, then he should be able to do a refi to a much lower rate without to much trouble. I don't know if online banks are more forgiving or not, but if you have a relationship with your bank you may want to try them. fla-tan
I would try to locate a local mortgage broker, someone who will look at many lenders to see which one will work best for your credit situation. You might end with a loan from a local bank, but by using a broker you don't have to to do the shopping around, and you have a local contact. You might ask neighbors and friends who they used. You could even call a local realtor to ask for a recommendation. PS would not recommend wells fargo, horrible refi experience.
dittomom mortgage brokers don't deal with refinancing vehicles. At least I have only refinanced houses and condos. I havenever seen a mortgage broker refiance a vehicle. fla-tan