Where did you get your Mortgage Loan from?

[SCSIfreek]

As many of you had followed my recently quest to get a place for myself and the GF. I would like to ask for ATOT's help in suggesting some lenders in the mortgage business .

Should I start off from the following? www.eloan.com, lendingtree, fanniemae.com?

Please share some of your experience and recommendations. Appreciate everyone's help 🙂 thanks


--Scsi

 

[MustISO]

I like to use bankrate.com to check local rates in my area. From there you can pick a few lenders and get good faith estimates and then possibly lock in a rate.

 

[Wduaqnug]

bankrate.com make sure to deal with reputable bank

 

[RossMAN]

Make sure to shop around as much as you can, exhausting all resources.

I've seen local credit union's offer as low as 3.5% for 1 year ARM

1/1/30 Adjustable Rate Mortgage as low as 3.5%!
This incredibly low rate is fixed for the first year.
Lower rate = lower payments! You now have the option of choosing our new adjustable rate 30 year mortgage. Rate is fixed for the first year of your loan. You'll save money immediately with lower interest and lower monthly payments. No points, no hidden fees and no prepayment penalties. After the first year, your interest rate will never change more than 1% per year, with a maximum of 7% over the life of the loan.

California credit unions directory

 

[Fiveohhh]

i got mine from wells fargo last fall at 5 3/8% planning on refinancing this fall too

 

[SCSIfreek]

wow just checked bankrate.coma and here are some info. 0 points, 30 years fix rate, sounds great if I can get below 5. thanks guys.

Home Investment Mortgage
408-249-4334 06-18
4.75
0.00/
0.00
4.76


Pure Platinum Realty & Mortgages Inc
760-431-7595 06-18
4.75
0.00/
0.00
4.76

Amerisave
866-970-SAVE 06-18
4.75
0.00/
0.00
4.77

Federated Home Mortgage
800-653-6623 06-18
4.88
0.00/
0.00
4.90



Global Mortgage, Inc
877-269-2506 06-18
4.88
0.00/
0.00
4.90


Mortgage Solutions
888-834-0446 06-18
4.88
0.00/
0.00
4.90


Mortgage Capital Associates
800-974-4434 06-18
4.88
0.00/
0.00
4.91


Discount National Mortgage
800-605-4955 06-18
4.88
0.00/
0.00
4.91

 

[FoBoT]

our real estate agent referred us to a local guy
i will compare his rates, but as long as they are close, i'll use him. he has been extremely helpful is answering credit questions and being a good source of information to us

 

[alkemyst]

my dad 🙂 j/k he usually refers me to someone though since he is a Mortgage Loan Executive.

bankrate.com definitely first and then figure out the product you want. If you are planning to get out in 5 years or less an ARM makes a lot of sense, but anything longer get a fixed now....while the market may drop slightly, the potential to rise is great.

Once you know the product and rates shop around.

 

[Wduaqnug]

is pretty big and good Federated Home Mortgage!


royal candadian bank offers good rates in my area

 

[BunLengthHotDog]

Homebanc.com

 

[Pliablemoose]

Stay away from Cendant, I have to call all the time to keep their records striaght.

How could they miss the huge block letters on 1 sheet of paper:

"Apply this to my escrow & pay my homeowner's insurance"

They put it towards my monthly payment & sent me a letter stating that it wasn't the full amount of the payment for that month:|

Took 1/2 hour on the phone to get it straight...