Financing in Pearland>Question Details

Stephan, Home Buyer in San Francisco, CA

How do I find the best deal on a mortgage?

Asked by Stephan, San Francisco, CA Mon Apr 23, 2007

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4
Consult your REALTOR who is familiar with the neighborhoods you are shopping and can advise you on the appropriate loan package for your situation, including down payment assistance and tax credit loans which reduce your housing costs.
Web Reference: http://www.ERAHouston.com
1 vote Thank Flag Link Sat May 26, 2007
I would suggest talking to a Mortgage Banker/Mortgage Broker and/or a traditional bank and let compare their rates/fees. I would argue that you will typically get better service from a mortgage banker/broker because they are generally compensated solely from originating new loans versus a loan officer at a bank which are salaried employees ~ translation, mortgage banker's have to differentiate themselves from a standard loan officer at a bank. Otherwise, you would just work with a bank.

Also, a mortgage banker is a loan officer that is affiliated with mortgage bank that lends its own funds AND can also broker loans through other lenders as well. Talking to a banker is like talking to 10-15 different lenders at once. That is the value we bring to the table.

Good luck.
0 votes Thank Flag Link Wed Feb 16, 2011
You will need to compare their fees and their rates. Please realize that only mortgage brokers are required to disclose what they make off selling the loan. If you copare the fee estimates from different lenders, that should give you a good idea. My best mortgage company was Action Mortgage, you can reach them at 713 723-7800. They are a great & honest company
Web Reference: http://www.ourfirstnest.com
0 votes Thank Flag Link Tue Feb 15, 2011
Shop rates with two or three loan officers.
0 votes Thank Flag Link Mon Apr 23, 2007
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