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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Hannah Fliegel’s answer
Hannah Flieg…, Agent, Larkspur, CA
Thu Mar 26, 2009
Dear Halley,

I hope you find my answer helpful. You will want to first decide how much house can you afford. This is best done with a budget. Can you afford a mortgage payment of $1,500. per month and does this allow you a good quality lifestyle that you can live with? Can you afford half that amount or double that amount. Next, you want to make sure that you have excellent credit so that you can obtain the best financing, what I can Cheap Money. A good 30 year fixed loan so that in the future you can own your home free and clear someday. You can always refinance but you don't HAVE to refinance. Then you decide how much of a down payment you have, this budgeting and work done in advance will provide you with a price range that you can afford and be comfortable with. Then you can set yourself up for success long term in a home and a mortgage you can afford in order to achieve long term homeownership! Good luck to you!
Hannah Fliegel
The Credit Restoration Expert
415-999-9348
0 votes
Debt Free Da…, , 85260
Mon Feb 11, 2008
Do your research... You may want to get started at http://getprequalified.com to educate yourself more on the process of obtaining a mortgage.
Web Reference:  http://getprequalified.com
0 votes
J.R. ELLIS, , Modesto, CA
Mon Jan 28, 2008
Contact J.R. ELLIS at 209-556-7078 and I will give you information on a few good lenders that can work with you to find a loan payment that you are comfortable with.
Web Reference:  http://www.jrellis.com
0 votes
Samsson, Home Buyer, Modesto, CA
Sat Dec 29, 2007
CTX ask for Lori she is great and can help you with all of your needs. as mr Brazil said shop around and keep in mind when you apply to different banks and use your ssn your credit score is lowered a bit but if you do so in the a certain time fram say in the same month it may not be a cause for concer, although i am not an expert i have had the displeasure of doing so with my own mortgage. word of caution wellsfargo, e-loan are not very uh deal friendly. more advice compare your APR as well. bankrate . com has excellent info on this subject as does http://www.fool.com

Mr. Rodriguez
0 votes
Nino and Ami…, , Modesto, CA
Wed Dec 19, 2007
Call all three of the lenders below if you plan to purchase in the Modesto area, and remember to give all three the same data-- a. your comfort level of monthly payment, b. your downpayment, and c. your target purchase price. If you have a current document with your credit score, fax or email it to them.
1. Indy Mac Bank- Steve Mcneal-209-550-3747, 2. Metrocities Mortgage-Michael Content 209-605-1671, and 3. Countrywide--Jonas Pritchard--(209) 402-1305.
0 votes
John Brasil, Agent, Modesto, CA
Mon Apr 23, 2007
I would recommend pricing several different Mortgage Brokers and actual Banks.
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