Can somebody help me know the best way to shop for home loans in california,
Thanks in advance..
2007-08-11 10:35:01 · 8 answers · asked by MJ 2 in Business & Finance ➔ Renting & Real Estate
guys,we r buying a new home which would be ready in few months,got pre approved from the builder's preferred lender,But we wanted to shop outside to see if we can get better rates.
2007-08-11 15:42:53 · update #1
Call a few mortgage brokers and banks. Figure out what you have as options and what kind of loan you are looking for then shop rates. Rates change all the time so if you think you can afford the volitity a ARM might work if you need a steady payment a 30 year fixed works. You should have considered this before you picked out a house so maybe you know what you are looking for and can just shop rates.
Now might be a great time to get a loan if you have good credit since they tightened for the subprime folks.
2007-08-11 10:43:31 · answer #1 · answered by shipwreck 7 · 0⤊ 1⤋
If I were you, since you bought the house before you got a loan, start doing some infomercials to rip people off like everyone else. Before they catch on to you, I'd buy about ten or twenty more without getting a loan. Settlement must have been REAL confusing. LOL
2007-08-11 18:06:20 · answer #2 · answered by A V A T A R 3 · 0⤊ 1⤋
You bought the home BEFORE shopping for a loan?
2007-08-11 17:40:11 · answer #3 · answered by mister_galager 5 · 4⤊ 1⤋
Did you put in offer in on a house and now are looking for a loan? Or are you trying to refinance just after buying? Or are you looking for a HELOC?
Your question doesn't make sense unless you need cash.....
2007-08-11 18:08:52 · answer #4 · answered by Anonymous · 2⤊ 0⤋
MJ, your best to search for a loan company in your area. They will have loan programs to fit your financial situation and are less likely to make promises they can't keep. These on line companies could cost you dearly, and most are never able to keep the promises they make.
2007-08-11 17:41:29 · answer #5 · answered by Alterfemego 7 · 1⤊ 1⤋
You bought a home before getting a loan? Oh brother, did I miss something here?
2007-08-11 17:42:19 · answer #6 · answered by Gary 5 · 3⤊ 2⤋
I would use lending tree or GMAC or Quicken loans to start because they are the competors and you will get a better interest rate! But if you have good standing with your bank go to them
2007-08-11 17:39:15 · answer #7 · answered by kella l 3 · 0⤊ 3⤋
how did you do that...bought a home with no money and no loan.....is this a real question?
2007-08-11 17:41:40 · answer #8 · answered by Blue October 6 · 1⤊ 2⤋