Hello!

Please see my answer re. who are the best SB lenders. Many thanks.

Frank Hotchkiss
Sotheby's International Realty
805-898-2084

Tue Dec 11 2007, 16:42

do not deal with mike wilson or earl ward

Sat Nov 3 2007, 20:00

To state the obviuos have good credit very low debt and be at your job for a long time and have all your documents to verify everything.

2Yrs tax returns
2 Recent Pay Stubs
2 Recent Bank Statemments
Any 401K IRa or any other asset docs

Divorce papers
Child Support docs

Name, number and email address of the person that will
Verify your
employment
Rental History

Anything and all that has to do with income and outgo

Fri Oct 26 2007, 17:06

I think a great place to start is to talk with your Realtor to see if they recommend anyone. Realtors do not have any benefit in recommending anyone in particular outside of knowing that they are good lenders and the better lenders can make for a smooth transaction (which everyone wants). So Realtors definitely want to send you in the direction of a respected lender.

From this I would go to at least 3 lenders and make sure that you bring all pertenent info such as hrd copies of your last bank statement, your wages, tax returns etc. Also, always check into the loan with small items such as prepaymen penalties, points etc. The rate is not always the #1 factor if you get stuck with a very rigid loan. If you then prefer one loan or lender over the other, have the lender match one of your other offers. They should be very honest in whether they can or can not do this.

If you have any other questions, feel free to contact me at 805-689-6877 orhttp:// www.KevinSchmidtchen.com

Fri Oct 26 2007, 11:07

The secret is this; organize your documentation BEFORE you call around. If you follow these seven steps and compile a package that you can e-mail to mortgage originators, you can effectively play us off one another and get smoking great terms for a home loan.

Click the link for the seven steps:

Sun Oct 14 2007, 08:48

A good Rule of Thumb is if you have great credit and good relationship with your bank, they are probably going to be able to give you the best deal. Banks are going to be a little stricter and there is more red tape in order to qualify. A Broker will have a wider vareity of loan products. Interview at least 2-3 Mortgage Lenders and make sure to compare apples to apples. If you can get references from past clients, by all means call them and check on the service. Remember that a mortgage is not just about the payment and the interest rate. Primarily, focus on the best loan that fits your financial needs/ goals, not only for today, always keep the future in mind.

Good Luck
Ken Herrera
Century 21 Infinity

Fri Oct 12 2007, 18:26

Speak with several qualified lenders and mortgage brokers that your agent recommends. Healthy competition drives down interest rates and the points (fees) you have to pay.

Mon Apr 23 2007, 15:51