we need a loan with a fixed rate and no advance payment....
2007-08-27 14:51:31 · 5 answers · asked by madmax 1 in Business & Finance ➔ Renting & Real Estate
Bank of America has a good reputation and I also have dealt with Countrywide and had a very good experience.
I DO NOT recommend dealing with National City.
2007-08-27 15:07:51 · answer #1 · answered by Mrs. Goddess 6 · 0⤊ 0⤋
I have managed a bank and also worked at a mortgage company. I would recommend checking with a mortgage banker. Mortgage companies normally have more loan programs to choose from. I would make sure you are not getting a broker that will charge you fees for their services. Ask your realtor who they suggest in your area.
2007-08-27 22:04:51 · answer #2 · answered by yourmtgbanker 5 · 0⤊ 0⤋
The following are considered to be stable and will likely remain in business throughout the processing and closing of you loan. Competitive rate and programs. They are direct lenders so you avoid paying broker fees. Just food for thought
2007-08-27 22:11:49 · answer #3 · answered by Etta P 4 · 0⤊ 0⤋
You just need to shop around. The best deal may be a local bank in your town. Or a mortgage broker in your town. Ask your realtor who gives the best deals. Many of the deals on the web are not as good as they appear.
2007-08-27 21:57:42 · answer #4 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
Depends on your credit, if you have great credit you can go anywhere. Bank of America, Wells Fargo, Washington Mutual, etc...
If you have poor credit, then its going to be harder. Countrywide, GMAC. Most places are having a hard time, so you might get lucky if you have bad credit.
2007-08-27 22:00:13 · answer #5 · answered by mevanr8x7 3 · 0⤊ 0⤋