Financing in Oakland Park>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

Help the community by answering this question:

Answers

9
Find a reputable mortgage banker with an experienced loan officer.

Then make an appointment to meet with them. Bring in your 1040's, W'2s, bank statements,
paystubs.

Ask them to provide a Fannie Mae approval, good faith estimate, and truth in lending.

Then you can check with your bank to make sure you are getting a good deal.

Mortgage bankers can access many different loan programs from several different banks. In this market this is very important. If a bank eliminates a program or raises rates on a program your are stuck.

With a mortgage banker, they can simply send your file to another one of their lenders. Usually, there is no charge or additional processing required.

billturano@selectamortgage.com
Web Reference: http://www.billturano.com
1 vote Thank Flag Link Thu Nov 1, 2007
Shop around. There are many mortgage brokers out there. Some are good and some are bad, just like REALTORS. I have a few who I recommend based on the the exceptional service and fair costs received by my clients.
1 vote Thank Flag Link Mon Apr 23, 2007
You need to do a lot of research.

This should help http://getprequalified.com
Web Reference: http://getprequalified.com
0 votes Thank Flag Link Mon May 19, 2008
If you consider lending tree, be sure to read thier full privacy statement first before giving any information and do some research on the company itself. And if you still are up for it, be ready for a inbox full of swag and a phone ringing off the hook with weard calls from people all over. ha.
0 votes Thank Flag Link Wed Feb 13, 2008
Go to lendingtree.com
Let them fight for you. We got a really good rate.
Just make sure that you do your homework.
0 votes Thank Flag Link Thu Jan 10, 2008
Hi Halley,

First thing I would suggest is contacting your local bank. Then ask your realtor if they can refer someone to you. It is very important to find an experienced mortgage consultant. Take your time, and work with whoever you fell most comfortable with.

Best of Luck,

Chris

312-738-8438
0 votes Thank Flag Link Thu Nov 1, 2007
If ou really want someone who will tell you everything upfront...no tricks...I know of someone who did my mortage and she is very good! She will not lie, tell you everything upfront and tells you what you can expect! She can be reached at irismatos@msn.com or 3056073664.
0 votes Thank Flag Link Thu Nov 1, 2007
Halley, In today's mortgage market it is experience that counts. Just like Parks stated their are good and bad in this industry. I would make sure first that they are a full time mortgage professional because the mortgage industry has had so many changes recently you would want to make sure the person you are dealing with knows the changes.
Make sure you receive a Good Faith Estimate and a Truth in Lending when applying for a mortgage one will explain all the costs and one will explaing the mortgage. Please keep in mind when shopping if one sounds to good to be true it probably is a scam.
0 votes Thank Flag Link Thu Nov 1, 2007
True,

Shopping will help you weed out people whom will not want to work hard for you on your loan. If you have a good working relationship with your bank, you may find them very competitive if you haave great credit.

Good Luck,

Ken Herrera
Century 21 Infinity
Web Reference: http://WWW.C21INFINITY.COM
0 votes Thank Flag Link Tue Oct 30, 2007
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer