2006-06-28 14:12:54 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
I think your best bet are the credit unions.
2006-06-28 14:17:48 · answer #1 · answered by klinder 1 · 0⤊ 0⤋
If you meant banks that value you as a borrower, World Savings or Downey Savings. They are small lenders, wont take risky loans, and service your loan until you pay it off. Many big banks, or the secondary market, now use EMC ( Electronic Mortgage Corp) as the service provider in receiving and applying your monthly payments. I would estimate 65% of all mortgage loans are currently serviced by EMC, and feedback from my clients has been all bad. Just a search of EMC will bring more negative search results then you could believe. I currently have a client who is missing $4800 from an escrow impound account EMC claims they paid to the tax collector on their behalf.
I am sad to say, World Savings....1 of the 2 I would call outstanding just sold to Wachovia and the merger is expected to be complete 11-2006. The big guys have squeezed out yet another small bank that really valued their customers, and treated a borrower the same as a depositor. That I believe is the key, the small guys lend the money deposited in their banks, the big guys don't even care who you are they pass you off to some mortgage service provider that has a pretty bad reputation. I have refinanced clients at my own cost due to stories of dealings they had less then 6 months after EMC became their mortgage servicer.
2006-06-28 15:23:45 · answer #2 · answered by Jacque w 3 · 0⤊ 0⤋
Its not always the morgage company you deal with it is the loan officer or broker.Different companies offer different products that are suitable for different people in different situations.You can email tpreston@ncf.us.com I will help you find the right mortgage for your needs.I am very ethical and honest
at the website you may use our free mortgage tools and calculators www.ncf.us.com.
2006-06-28 14:18:17 · answer #3 · answered by realestate_leader 3 · 0⤊ 0⤋
It depends on your credit and what type of mortgage you are looking for. It's best to start with a bank that you have a relationship with and go from there. If you go for a long-term mortgage it's going to be sold on the secondary market so it doesn't matter who it's initially through, it will be sold again and again.
2006-06-28 14:17:50 · answer #4 · answered by Kim C 1 · 0⤊ 0⤋
I used lending tree with good success! they're a broker, not a lender, but they get you rate quotes and work with you to get the loan closed with the lender you chose.
good luck!
2006-06-28 17:14:50 · answer #5 · answered by paul w 2 · 0⤊ 0⤋
Lending Tree .
2006-06-28 14:49:53 · answer #6 · answered by the sealer 3 · 0⤊ 0⤋
Chase, and Citimortgage.
2006-06-28 14:18:57 · answer #7 · answered by prettybrowneyes 2 · 0⤊ 0⤋
CitiGroup...
2006-06-28 16:26:47 · answer #8 · answered by mortgage_chick_1 1 · 0⤊ 0⤋