How To Pick The Best Mortgage Company [mortgageloan-processor.blogspot.com]
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Buying a house is often the single biggest financial decision a person will make in their lifetime. Because of this, it pays to be cautious and deliberate about every step in the process. This includes crunching the numbers and making sure you understand what your budget is. It means making sure you have a definitive amount you can place as a down payment and not exceeding that amount. It means doing some research to find out what you should expect to pay for certain types of housing in the current market. And it also means choosing the right mortgage company.
One of the best ways to go about choosing a good mortgage company is by their reputation in the community. If you're going with a national company, you will have access to all the information you need to make a decision. At the same time, there's nothing wrong with going to a smaller, locally based company. If you do, however, you'll have to put in some extra research time. Check with friends and family members to see what they have to say. See who they went with (if they are homeowners) and ask their opinion. Check with the Better Business Bureau and see if they've had any complaints lodged against them.
Buying a house is a more complex process than you might have imagined. Because of this, you want a mortgage company that is willing to hold your hand through the process if need be. After talking with a lender for a little while, you can usually get a sense of how they will be to work with. If they come across as though they're trying to rush you off the phone as quickly as possible, they are probably not going to be easy to work with. If they take the time to answer your questions thoroughly and make you feel as though you are their only customer, you could have found the right place.
Finally, make sure the mortgage company you choose offers a good selection of choices when it comes to your loan. They will, of course, offer the traditional 30 year loan and a few adjustable rate loans, but see if they go beyond that. How willing are they to customize a loan based on your particular needs and your financial state? If they try to get you into a subprime loan and your credit is good, avoid it like the plague. If you have the credit and the down payment, there's no reason why you should accept anything less than the best interest rates they have to offer. Recommend How To Pick The Best Mortgage Company Topics
Question by Cathy V: Does anyone know any good site that has the best mortgage companies' profiles? Need a loan and don't want to have to deal with predatory lenders. Best answer for Does anyone know any good site that has the best mortgage companies' profiles?:
Answer by helenkellar
I have Wells Fargo, 5.5%. , but I might have been sold to WF, can't remember.
Answer by bud88cynthia
There are several sights, rip off dot com, or sites that list the horrible companies. I must warn you that even the good companies have bad loan officers and the bad companies have some good people. Ask neighbors, friends and co-workers for their experiences. I am an appraiser and refuse to work for the companies that take advantage of borrowers. Depending on what state you live in, I can refer you to a great company, with the most honest loan officer. I regret to say, there are very few good ones. If nothing else, you could call this guy, he could reccomend someone, then review the loan before you sign anything. email me and let me know what state you are in, I will give you his email address and you can take it from there. The most important thing is to keep your Truth in Lending form, and take it to the loan closing and make sure the numbers match up. If not, run awa.
Answer by TreSec
I have my mortgage through http://www.suntrustmortgage.com very good and reliable. Locked in a fixed 30 yr @ 5.25% in 03
Answer by Carolinahomerates.com
might as well work with a mortgage broker. mortgage broker fund over 70% over the mortgages in the US.....but you will need to find a honest one! if you're a 1st time home buyer then find a broker that can help you with the in's and out's of the home buying process. if you're looking to refinance you can compare quotes with him/her or he can help you build your credit score to get you where you need to be.
Answer by achievablemortgages
try lending tree
Answer by raniokoye
http://www.insightempire.com/bestmortgageforfirsttimebuyers.htm it has a best mortgage guide on there and some resource links to useful destinations.
