anyone have any recommedations
2006-12-26 13:03:08 · 7 answers · asked by matt12882003 3 in Business & Finance ➔ Personal Finance
You can go online and compare the interest rates of them all. I will tell you that I didn't have good luck w/ the cust svc dept of Citibank when
I was going to refinance with them so I went with IndyMac instead. Don't go to lending tree. They now do it a new way where the lenders don't contact you directly -- lending tree looks up the rates and tells you what's out there.
Here's a web site w/ interest rate info:
http://www.bankrate.com/brm/default.asp
2006-12-26 13:16:42 · answer #1 · answered by LC 2 · 0⤊ 0⤋
One thing that I learned about when shopping for a mortgage is that you can sometimes get special rates if you qualify for certain government programs. I am in California and found out that I qualify for a Cal HFA loan. It gives me a lower interest rate, since I am a first time buyer buying a place under a certain amount. Of course, I have to use a certified loan agent for this special mortgage. I chose Chase. You should look and see if you can get any deals like that in your state.
2006-12-26 16:59:15 · answer #2 · answered by Laura M 2 · 0⤊ 0⤋
I am a loan officer and would love the opportunity to help you. Basically you should select the lender that gives you the best rate and term for your financial situation. This cannot be determined until they run a credit check. Then you have to consider how long you will be in the home. This will help you decide how long of a term you want and if you should go with an adjustable or fixed rate.
2006-12-26 13:23:22 · answer #3 · answered by realtor/loanofficer 2 · 0⤊ 0⤋
most big mortgage companies are probably the same, but i just dont have good luck with chase, our local bank sold the loan to them and i am not happy with it at all, we always paid our own insurance, chase forced us to put it in escrow and have them pay it, and makes us have a huge cushion for the escrow account, i think our taxes are 2500, insurance is 600 but we have to have over 4000 in our escrow, my old bank would just pay the taxes then adjust the next years payment, chase has a 1500 dollar or so buffer, meaning 1500 bucks of mine is locked up for 30 dang years and they are making interest off of it and not me
like i said, i bet all the big ones are the same, i just miss my local banks service
2006-12-26 13:16:40 · answer #4 · answered by swenjj 4 · 0⤊ 0⤋
You should not go to a bank at all. Go to a mortgage broker. If she or he is worth her or his salt, she or he will get you the best deal available for your particular situation. Ask a friend or family member for a recommendation for a mortgage broker in your neck of the woods.
2006-12-26 17:58:02 · answer #5 · answered by bmi=22 4 · 0⤊ 0⤋
My experience with Chase is they will cheat you if they can. Capital One seems to be the best for me.
2006-12-26 13:18:12 · answer #6 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
The one that offers you the best deal including rate, points and fees.
2006-12-26 13:14:59 · answer #7 · answered by nickfromct 3 · 0⤊ 0⤋