Me and my Fiancee are planning to buy our 1st home together. We are trying to find a good loan officer w/ lots of experience & avoid getting screwed. We've been going to Wamu agents, private co. & now Bank of America (which recently is promoting no closing fees etc.)- So far Bank of America has the best deal. Im a little skeptical- I've heard lots of horror stories w/ 1st time buyers. We're both doing our homework also, trying to prepare ourselves the best we can. Anyone have advice or suggestions?
2007-07-03 04:54:53 · 6 answers · asked by ladyinc3 1 in Business & Finance ➔ Renting & Real Estate
well you might not want to hear this but bank of america is the biggest crooks there are . we my hubby and I are doing our house through suntrust . bank of america would not even talk to us cause my hubby had a bank ruptcy 20 yrs ago and now he has excellent credit . suntrust was jumping at the bit to get our business and got us the home loan of our dreams . I hate bank of america they only want to deal with the elite of society . good luck .
2007-07-03 05:00:00 · answer #1 · answered by Kate T. 7 · 0⤊ 0⤋
Run from Bank of America. Horrible people to deal with, and this is just personal experience on bank accounts. I can't imagine going through the mortgage process with such dishonest and incompetant people.
I bank with Suntrust now, but would not use them for their mortgage services.
I've had 3 houses financed with WAMU (and one refinanced with them) and was very happy with WAMU, both during the mortgage process and then their customer service afterwards.
2007-07-03 06:04:16 · answer #2 · answered by sortaclarksville 5 · 0⤊ 0⤋
http://www.ncsha.org/section.cfm/4/39/187
Here's a link to all state's Housing Finance Agencies.
BofA is fine, generally they do a pretty decent job.
But if you're still unsure, contact your HFA. In addition to giving you info on any grants and subsidies you might qualify for, plus other education, they have lenders they work with who have literally applied for and paid money to get the right to work with first-time buyers using these programs.
They can certainly give you a list of participating lenders for your area. The major local banks will all be on it, they pretty much have to for their Community Reinvestment Act requirements. BofA does a lot of their CRA work through home lending, for example.
2007-07-03 08:49:39 · answer #3 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
Yes, get out while you can...lol
Buying a home, building a home, renovating a home...they all suck wind.
About the best advice is go talk to each individual in person, face to face and go with your gut feeling.
I do wish you good luck. And to not be too negative, I have had some dealings in the past that were not too awful and I hope you do as well.
2007-07-03 05:03:31 · answer #4 · answered by MD 4 · 0⤊ 0⤋
You can visit some good websites and fill up online forms and get free Quotes. You can also try for different companies and then choose the one that suits you the best.
To know more you can visit
http://financialhelp.page.tl/home.htm
2007-07-03 05:00:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If your state has a program for first time home buyers or home buyers in general then I would talk with them.
2007-07-03 05:00:13 · answer #6 · answered by professorc 7 · 0⤊ 0⤋