i need the best mortgage on the market?

Answer 1

It is normally best to see a local mortgage broker. This will offer you the best option for a number of reasons. First, this expert will be able to assess the best type of mortgage for your situation. Then, he will find the best rate with the lowest fees. Not only will he have a number of companies from which to choose, but many of those companies offer lower rates through brokers than they offer directly through their own marketing channels. In other words, you may be quoted a rate by your own bank while your broker may offer an even lower rate through the same bank.

Contrary to the previous post, it is probably not best to apply to multiple institutions yourself, as each one of these applications will result in an additional credit inquiry, which may have an adverse effect on your credit scores and result in less attractive terms. The broker will be able to shop for you after obtaining your credit report.

Answer 2

Each person determines the best rate on the market for him/herself by the credit score they have based on their credit.

The only way you can find out about what mortage rate you are qualified for is to call a mortgage broker, let this person fill out a loan application so they can run your credit report and see what type f credit score you have.

Before you talk to this mortgage broker you will need the following to give to him

#1 Two years of W-2 and federal income tax to match

#2 One complete month of paystubs

#3 Six months of bank statements from each bank you use and any statements from your 401-k plan from your job.

The application will take a few minute so get your favorite soft drink or coffee sit down an relax and answer the questions the mortagage broker will ask you.

Once the application is complete he will run a credit check that will tell him your credit scores. Your credit scores will tell him what loan programs you are qualified for. If you are qualified for 100% mortgage or exatcly how much you have to put down on a house you plan to purchase.

He will also be able to tell you the mortgage rate and other things about your mortgage.

One other thing he will be able to do is issue you a pre-approval letter telling you how much house you can purchase based on your income and the current consumer debts you have to pay that are on your credit report.

Now with your pre-approval letter you may now find a real estate agent or get a referral from your mortgage broker.

Once you have found a house a sales agreement will be drawn up by your real estate agent and signed by both you and the seller.

Your mortgage broker will then order an appraisal to prove the value of the property.

You might have to provide your mortgage broker with additional information and documentation, but that is normal.

Within 7-10 days you will be called to set up an appointment to sign your loan docs and close the transaction.

I hope this has been of some use to you good luck.

"FIGHT ON"

Answer 3

Your in luck because the market is so competitive now that anything is possible, reevaluating rates interest and repayments. Do an online search and start submitting your applications.