Single Family - Texas Location
Looking for lowest fees at lowest rates
I am aware of lists at sites like bankrate.com. I am looking for actual recent experience with lenders
2006-12-24 09:11:59 · 7 answers · asked by maxton 2 in Business & Finance ➔ Renting & Real Estate
Further details:
You can assume credit is good with a 720 score or higher.
Probably a 10%-20% downpayment.
The home is for a primary residence.
2006-12-24 11:07:48 · update #1
Talk with several brokers and give them a hypothetical scenario to work with. For example I have been on same job for 3+ years and make 50K per year, I have a 730 mid score and can put 20%down. My purchase price is below a jumbo rate loan and I have very low credit card debt. Now we know your actual situation is different but they can price your loan based upon unverified information. They cannot however guarantee your rate until your info is verified and a rate is locked. Once they price you based upon the scenario you can see the difference between them based on a even comparison. Then when you feel one of them has your best interests in mind and can give you the rate your comfortable with allow that person to pull your credit and begin your loan. Often people will shop lenders and have too many credit reports pulled as a result, that can sometimes undermine your end rate. Dont allow anyone to pull credit until you are confident in their ethics and abilities. As for points you can ask the seller to pay 1 point for you and both you and the seller can deduct it from your taxes. Regarding references I would ask a few people whom they recommend but keep in mind some of them might have had a great rapport lender but paid a higher rate and dont realize it.
2006-12-24 09:34:38 · answer #1 · answered by Kevin H 4 · 0⤊ 0⤋
It will depend upon what your needs and qualifications are.
Owner occupant loan? Or investor?
Good credit? Down payment? Current income steady, or expected to grow alot soon? Military?
Here is a mortgage broker I've dealt with who is honest. (have you noticed that not all are?) If he has something good for you, he'll tell you. If he cannot help you, he'll tell you that too.
Yan Corry
Marquee Mortgage
210-614-9000
If you send me an email, I'll look up a couple others on Tuesday.
Richard
PS - If you're military, or retired, you should do a Tex Vet loan. Best interest rates going on a fixed loan. Can be used for a VA, FHA or conventional loan. Best place for a Tex Vet loan in Texas is USAA Savings Bank.
2006-12-24 11:02:30 · answer #2 · answered by teran_realtor 7 · 0⤊ 0⤋
Texas' fees are pretty much capped. I know a lender with First National Bank who has recently completed loans in Texas. email me for more info at sarnold@kawebconsulting.com
2006-12-24 12:29:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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2016-11-23 15:37:18 · answer #4 · answered by ? 4 · 0⤊ 0⤋
I would like to know Your credit score .If it is well or moderate then i can find you very good deals at about the higher fves and lower sixes .As the interest rates are also lower now it will be a best option for you to have the loan now .For more information write to me at kishaloy_bhowmick@yahoo.com or call me at 480.751.4125 .
regards,
kish
2006-12-24 10:30:11 · answer #5 · answered by kishaloy_bhowmick 2 · 0⤊ 0⤋
National Lending Corporation is based out of Texas.
www.mynlc.com/A39219
2006-12-24 14:03:23 · answer #6 · answered by ShacklesOff.com 3 · 0⤊ 0⤋
Talk to a mortgage broker. They would have an easier time of telling you what rate you'd qualify for and with whom.
2006-12-24 09:19:59 · answer #7 · answered by Laquishacashaunette 4 · 0⤊ 0⤋