What's the best company to get a mortgage loan from these days?

Question

Thank you everyone for answering, I don't have a great credit score we could say that is slightly low.

Answer 1

the best company to get a mortgage loan from depends on the borrower...there are lots of criteria that go into the decision:
do you have great credit or so-so credit?
Do you owe a lot of money to a lot of people or not too much? Are you purchasing? Refinancing? Paying off debt?
Do you have solid W2 income? Self employed? Need to state income?

if you have perfect credit and a low debt ratio your best choice is usually to either go to the local bank you bank at, or choose one of the big "conventional" credit banks such as Citifinancial or Countrywide. Wells Fargo and US Bank are options as well, but tend to be more difficult to deal with and have less reliable customer service.

If you don't have perfect credit, high debt ratio, or any other non-conventional situation, the best idea is to go with a reputable mortgage loan broker, that has access to literally hundreds of different banks and financing options. A loan officer can talk to you for 10 minutes, and give you an idea of what you can reasonably expect for your situation.

I do actually work for a mortgage broker, so if you have any other questions, feel free to email me. We work in all 50 states, or I can help you find someone local to you!

Answer 2

I dont think of they're somewhat meant to be long term lenders--hence the "pay day" tag. the belief is once you're slightly short a million/2 way in the process the week they lend you sufficient to tide you over till next pay day.The costs of activity are fully great yet are basically frequently for some days. different than for Wonga and the nationally primary ones there are some set up in Scunthorpe severe st,the place I stay.they seem to be a famous spin on the previous "money lender" I cant see whats incorrect see you later as they make their costs of activity sparkling,which they do. They serve a choose. i be attentive to interior the 60s i replaced into continuously difficult up!

Answer 3

Depends on your credit, etc. A mortgage broker that is honest is a good way to go because they have several banks at their fingertips to get you the best rate. Check around and ask people you know about brokers in your area - some are very dishonest so be careful!

Answer 4

Don't shop just for the company...also, VERY IMPORTANT, shop for the person. You want a loan officer/broker who has some ethical standards. I worked for a reputable mortgage company, however, even they had a few bad apples I wouldn't dare get a loan from if I was a consumer.

AND WHATEVER YOU DO --- DO NOT JUST SHOP FOR THE BEST RATE. If your LO/Broker knows this, then they'll lowball you on the quote they give you.

Answer 5

Here's my very BIASED opinion (I am a mortgage broker)....
Your best bet is to actually call around and shop for the best interest rate. You can call mortgage brokers, and also banks. In all honesty, sometimes the big banks won't give you the best deals they can, unless you let them know they are in competition with other lenders. Typically, if you call certain large banks, they will qupte you a rate that is a little higher than you deserve in hopes that you will take it.
A mortgage broker could be more helpful to you. They can take your loan to banks, and see who wants it the most, ie will offer you the best rate. A broker can even let you choose which bank you wnat to go with, and can normally fetch you a better rate than you could get from tallking to a bank directly.
Mortgage brokers work like this: We get wholesale pricing. To explain this, it just means that banks compete for our business, so they offer lower rates in an effort to get us to send our clients thru their bank. Its a win-win becuase the broker gets rewarded by the bank for sending them the business, and the buyer gets the reward of a lower rate.

Answer 6

Countrywide Home Loans

Answer 7

Mine was with Chase Mortgage and I was pleased with them. I would NOT give Wells Fargo the time of day. I had a checking account with them and they constantly screwed it up by running other customer's checks through my account. I would be really afraid to trust them with a mortgage account!!

Answer 8

Wellls Fargo has been in the spot light lately.

its been a while since I checked

Double check Countrywide They might be unstable

Answer 9

Not Countrywide. They may be good at the start but if you have a problem they are not interested in helping. i have them and if I could get rid of them I would

Answer 10

go with a lender, and not a company that sells your information "to lenders who compete..." unless you enjoy being endlessly solicited. Try quicken loans, eloan, and choice finance.