Jerry,

Randy is incorrect. First off, CB home Loans was in bed with Countrywide, the KING of the subprime meltdown. Plus, a mortgage broker is oftentimes less expensive than a direct lender.

I am a mortgage broker. If I can be of further assistance, please let me know.

Martin Smith

Precision Funding
877-238-6324 Ext 704
513-536-7184
877-238-6324 FAX
MSmith@PrecisionFundingUSA.com
http://www.PrecisionFundingUSA.com

Jerry
I will have to disagree with Randy. I am a private mortgage broker and it all depends on what you are looking for in service and result. My partner Bill and myself have been doing this for over 12 years and we have seen over time that its the banks that charge more money. Not to mention a bank only deals with themself for intrest rates, where brokers are involved with over 100 different lenders not locking you in untill they find the best rate for you. It is a great time right now to refinance your home. The reason being that the gov. has artificially lowered intrest rates for them to buy mortgage bonds now through June off 2009, and home rates are under 5% for the first time in history. Now yes you could go with a bank and the wait time for a bank is 90 days to process and your locked into that rate, and pay more, or you find a broker that can do it in 4 to 5 weeks one on one with you and not be charged as much as a bank will charge you. I will leave my web site for you to check out if you have any more questions please feel free to contact my firm. Joe

Jerry-
#1 the traditional mortgage "broker" is not the way to go. A lot of them are not in business anymore and if they are, they're going to do what mortgage brokers do...charge you more. Go directly to the lender. I suggest Coldwell Banker Home Loans. Call them at 1-888-791-9081 or my "Premier Agent" number 1-866-844-0323.
In about 20-30 minutes they will be able to tell you where you stand and the best way to proceed. CB Home Loans never got into the sub-prime game so they are solid now with their own money to lend...not bailout money. Remember, credit rating is king these days so if you are in good shape, "Salut" and good luck.