American Interbanc -- anyone ever heard of them?
We have done the research on the refi and were trying to stay with local banks or other institutions we recognized. However, there is one online company that we are considering. All I can find through searches are that there have been articles because American Interbanc sued Bankrate.com over unfair advertising practices other lenders were using on the bankrate site. (complicated, but basically, they were going after the shady brokers). For a 30-year-fixed, they right now have 6 percent at virtually 2 points (for our loan; it's a flat fee of $8900). Our bank says "too good to be true; best we can do is 6.5 percent at 1.75 points". Has anyone had any dealings with American Interbanc? The Good Faith Estimate appears to be in order. I'm just afraid of a surprise at closing.
Here is a link that might be useful: Article on American Interbanc