Financing in Clovis>Question Details

Halley S., Home Buyer in New York, NY

How do I find the best deal on a mortgage?

Asked by Halley S., New York, NY Mon Apr 23, 2007

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Your real estate agent should have a list for you to investigate from. Sandra@CottonwoodHomesforSale is my email address.
0 votes Thank Flag Link Wed Dec 15, 2010
First search on net, make a list of Banks and lenders. talk to your realtor about the lender. Call bank and lenders ask what paperwork they need. Meet loan officers and lenders, may be few. Write what they tell, analyse as per your situation and see who is giving you the best value.
0 votes Thank Flag Link Wed Dec 15, 2010
Again, go to a reputable lender or bank mortgage division. Interest rates are directly tied to your credit. A lender cannot quote you a rate at all if they don't have a loan application and a credit approval. At that time even, it is a guess until you find the house to purchase and the sales price is set. Only then can they actually lock in a rate for you. It is a very good idea to choose your lender and do all that is asked of you short of a final buyer approval, before you look for a house. By doing this, you remove all ugly surprises and can negotiate for the price you want. You will have more power with a seller if you are an 'approved' buyer, subject to finding the house. Remember, if you 'hide' something, it is guaranteed to come back to you and be found out!
0 votes Thank Flag Link Mon Apr 23, 2007
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