Home Buying in Miami>Question Details

Juan L  Marq…, Home Owner in Miami, FL

Any mortgage broker willing to give me a better financing please contact me. Offer accepted in the amount of

Asked by Juan L Marquez, Miami, FL Tue Aug 19, 2008

$197,000, can give 10 percent down, and my credit score is 758, So far, E-loan has offered me a 6.5 APR. I need a
6.00 percent or lower.

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5
The 6th biggest mistake that people make when looking a mortgage is figuring rate was the most important feature. Rate is not the most important feature, the monthly payment and right program are. Yes, rate determines the payment, but how you structure your mortgage will have a greater impact on your overall financial success, more than the rate will. You could have a great rate but be in the wrong program and that could cost you thousands of dollars that would otherwise be invested towards your future. I also completely agree with the two that recommend that you work with a local lender and not some online portal.
0 votes Thank Flag Link Tue Aug 19, 2008
Marquez,

You need to go to a direct lender and not an internet site. Try the institution you bank with first and then go to someone like Ohio Savings Bank. If your credit score is what you say it is and you are buying a property as an end user, the property has the proper amount of equity in it and it doesn't have any major structural issues, you should be able to get this rate to come down. Of course this is just a general overview of what your options are based on the info. you provided.

Good luck.
laura graves
real estate professional
miami, fl 33154
0 votes Thank Flag Link Tue Aug 19, 2008
Hi Marquez!

I suggest you call Josh Groeschel, Mortgage Advisor, Coldwell Banker Home Loans. 941.465.7666. E-mail: Josh.Groeschel@mortgagefamily.com. Or you can call Coldwell Banker Home Loans at: 1-888-240-7078 and get a same-day loan decision that's a Pre-Approval and they guarantee you will close on time.

Coldwell Banker Home Loans has the experience you need and a reputation you can trust. Good Luck and let me know how it works out for you!

Laura E. McGeary, PA
Coldwell Banker Residential Real Estate LLC
6016 Manatee Ave W, Bradenton FL 34209
laura.mcgeary@floridamoves.com
0 votes Thank Flag Link Tue Aug 19, 2008
dont use an internet lender, you want a real person to to be able to help and answer your questions, find a local and trusted mortgage broker to get a better rate and program. with your credit score there shouldnt be a problem. good luck
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Tue Aug 19, 2008
My wife is a mortgage broker with Apex Lending, Inc., and she can ususally beat any rate because she works with over 500 banks. You should contact her to obtain a GFE and see what type of rate she can obtain for you since time is of the essence now that the offer has been accepted. Her name is Jacinta and she can be reached at 954-662-6152 or jshambley@apexlending.com.

Andre
0 votes Thank Flag Link Tue Aug 19, 2008
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