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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9
Bill Turano, , Select Mortgage 1715 Rte 88 Brick, NJ
Thu Nov 1, 2007
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
Parks Morgan, , Fort Lauderdale, FL
Mon Apr 23, 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
Debt Free Da…, , 85260
Mon May 19, 2008
You need to do a lot of research.

This should help http://getprequalified.com
Web Reference:  http://getprequalified.com
0 votes
sarah, , Massachusetts
Wed Feb 13, 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
Lulu, Home Buyer, Weston, WV
Thu Jan 10, 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
Christopher…, Both Buyer And Seller, New York, NY
Thu Nov 1, 2007
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
Tony, , Miami, FL
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
Matthew J Bl…, , 33410
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
Ken Herrera…, Agent, Las Vegas, NV
Tue Oct 30, 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
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