I'm looking to just get a few quotes to get my monthly mortgage payment down, but I know the minute I give out my phone number and email adress I'll be swamped by companies contacting me. I just want to get an online quote of what a new mortgage payment would be if I refinanced, without having to give out personal information. Anyone know of a company?
2007-01-14 05:04:50 · 8 answers · asked by smitty 2 in Business & Finance ➔ Renting & Real Estate
This is a fact: It is IMPOSSIBLE to get ACCURATE quotes without a loan officer knowing, at the very least, your credit score, credit history, income situation, and LTV (loan to home value ratio). If people tell you differently, they are either mistaken or lying to you.
I recommend you speak to a GOOD mortgage broker and let him/her do a full analysis of your situation. A good broker will research hundreds of rates and programs for you, and the closing costs are comparable to a bank. A good broker would never provide your info to any unauthorized third party.
Online application sites will result in you getting quotes that are "best case scenario" quotes - once again, it is impossible for an accurate quote to be provided without determining (at the very least) credit, income, and LTV qualifications. My website (no, it is not a sales or "application" site") has a good article on the pros and cons of quote websites - the direct link to the article is http://www.mortgagemystery.com/mortgage-quote-websites.html
I can give you a "best case scenario quote" right now. If you have a 720 credit score, 80% LTV, and full income documentation, somewhere between 6% and 6.375% is reasonable.
You can contact me if you want more information, but if you want rates, it will only be the result of a full analysis.
2007-01-16 13:32:04 · answer #1 · answered by robert_byrne 2 · 0⤊ 0⤋
if no one has your information, it will be hard to insure an accurate quote. Pick 2 or 3 lenders, and just give them your email address. At least this way you know you won't be hassled by more than 3 companies. Don't give lending tree your info, they are not the lender and you will end up being solicited by tons of salesmen. Try quicken loans, eloan, and choice finance.
2007-01-14 13:33:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Always worth a look. Get a free quote from these guys ( the banner at the top ). It's a big name company that's helped lots of people. I'd give their link here but that's advertising for them. They helped my wife and I a few years back when we purchased our current home. It never hurts to look around for a better rate. Good luck!
http://loan.divinfo.com/
2007-01-16 23:15:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Ask your local banker, call them and ask them what some of the local rates are or look on the web site, you can Usually find a good estimate of what the rates will be and then you can figure yourself what you would be paying. You are then prepared to make a decision and have the ability to negotiate with the lending institution.
2007-01-14 05:15:01 · answer #4 · answered by mrmoodydm 1 · 0⤊ 0⤋
Hi, my name is George. I'm a mortgage specialist licensed in all 50 states. I'll answer your questions and you don't even have to tell me your name!
2007-01-14 05:11:55 · answer #5 · answered by geos.lv 1 · 0⤊ 0⤋
that's a tricky question.
2016-08-23 15:10:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Probably it is OK
2016-09-19 03:56:15 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Not sure about that
2016-08-09 00:00:26 · answer #8 · answered by Marquerite 3 · 0⤊ 0⤋