🚀 go-pugleaf

In article <1993Oct13.150244.15970@brtph560.bnr.ca> mwarner@brtph587.bnr.ca (Mike Warner) writes:
>In my local paper here in Raleigh N.C., an ad for mortgage refinancing
>recently appeared featuring no points and no closing costs.  The company
>is Abbey Financial, originally from the Cambridge, Mass. area, founded
>about ten years ago.
>
>The deal looks pretty good.  My question for the net is: Does anyone
>out there have any info on Abbey that I should know?  Are they reputable?
>They've only been in my area a few months.  Have they been in any
>trouble?  Should I go with them?
>
>I talked with one of their loan officers - very professional and supris-
>ingly non-pushy.  The numbers look very nice.  The question is not about
>the numbers, but about the company itself.

I used Abbey Financial (Cambridge, Ma.) this past April to do a refinance. They
were fast, upfront, deliberate, factual, etc. It was a good experience. I went
from a 15 year fixed @ 9.875 to a 10 year no-points, no-closing-costs fixed
@ 7.5. It worked just fine. I didn't pay a dime, except for a postage stamp
here and there. There was an upfront $350 application fee which was refunded
at the closing.
 
Abbey sells its mortgages to the secondary market and they make SURE you
understand that from the start. My mortgage was sold to the same company
which was servicing my old mortage, so I experienced no changes in my
monthly payment schedule, except for the lower payment!
 
In all honesty (and this is what I told them...), their ad in the Sunday
newspaper Real Estate section was what attracted me the most. Very clear,
easy to understand, larger than most. My thinking was "Well, if they are
willing to spend the time, effort and $$$ to come up with a superior ad,
I want to check them out." Not necessarily the best way to shop for a
mortgage, but it worked for me.
 
I'd recommend them without reservation.



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