2007-02-02 20:04:59 · 3 answers · asked by purplevision 1 in Business & Finance ➔ Personal Finance
Shop around. Your interest rate will be determined primarily by your credit history, source of income, loan amount, and LTV (loan-to-value).
http://www.fairwaymortgagelending.com
2007-02-02 20:30:01 · answer #1 · answered by Fearless Leader 4 · 0⤊ 0⤋
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.
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.
2007-02-02 20:28:31 · answer #2 · answered by Rob D 5 · 0⤊ 0⤋
Hi,
it's not always easy to find the right companies. I've done some research and found two which are very reputable and trusted in this field. You might check
them out and then choose one which best suits you:
http://www.usefulresources.info/eloan-cj.html
http://www.usefulresources.info/lowrates-lendingtree-az.html
Hope that helps. Wish you all the best!
Mike
2007-02-05 09:33:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋