My adjustable rate goes up in May. My FICO is 662 and I want to know if it is possible to get a prime mortgage rate or should I stay with Countrywide. Does anyone know of a better mortgae company or way to get a mortgage.
2007-02-17 04:18:15 · 4 answers · asked by lizabet17110 3 in Business & Finance ➔ Credit
Yes you can get a prime mortgage rate; however, there are a number of things they take into consideration, including income, debt to income ratio, assets, etc. I would go to a mortgage broker because they can shop around for you and get you the best deal on rates, etc.
2007-02-17 05:12:02 · answer #1 · answered by healthspot_2000 4 · 0⤊ 0⤋
Instead of refinancing, which may mean big closing costs, you may be able to get a HELOC. With a HELOC, there is usually no closing cost. You could check with a mortgage broker for that. I know of some if you need referrals. Also, you may be interested in this new program. It works well with a 30, 20, or 15 year mortgage. I am currently using a HELOC with a new software program from United First Financial, called the Money Merge Account. This software helps build equity fast, and will help me payoff my home in less than half the time without refinancing, and without extra payments. It is saving me thousands in interest, and pays off home in less than half the years. E-mail me if interested.
See bellow the website source for more information.
2007-02-17 08:41:56 · answer #2 · answered by marshae 1 · 0⤊ 0⤋
You need a more responsive, personable mortgage company. I recommend Hamlin Mortgage. They should have no problem getting you into a fixed rate. You are wise to start the process now. Check out the free evaluation form at
www.totaldebtsolutionsllc.com
They will have a loan officer from Hamlin call you within 24 hours--good luck!
2007-02-18 02:42:09 · answer #3 · answered by CALIFORNIA GOLD 3 · 0⤊ 0⤋
I got my mortgage through ING direct, but they only offer ARM's. They seem to have the lowest rates and fees though.
2007-02-17 04:22:21 · answer #4 · answered by Vegan 7 · 0⤊ 0⤋