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I'm in the process of looking for a house and want to find a bank or credit union to work with to get a preapproval ASAP. We'll be doing a conventional 30-year, our credit is really good, and we're putting about 40% down. Anyone have any good or bad experiences to share? I'd love to deal with a local bank if possible - we're in the Northport area.
Why not try something like LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance They can find you good offers and you can decide from there. I wouldn't go through a mortgage broker... try and find a mortgage lender or a mortgage bank (one that specializes ONLY in mortgages).
I'm in the process of looking for a house and want to find a bank or credit union to work with to get a preapproval ASAP. We'll be doing a conventional 30-year, our credit is really good, and we're putting about 40% down. Anyone have any good or bad experiences to share? I'd love to deal with a local bank if possible - we're in the Northport area.
Nassau Educators seems to have the best rates at the moment...try Bethpage as well. good luck to you!
Do you have any military connections? If you or a family member is active/reserve/retired you can join Navy federal Credit Union. they have spectacular rates and very low closing costs.
My dad was in the Navy years ago - he is now deceased. I read their FAQ's but I'm still not sure whether I qualify - I'll give them a call Monday. Thanks!
My dad was in the Navy years ago - he is now deceased. I read their FAQ's but I'm still not sure whether I qualify - I'll give them a call Monday. Thanks!
You may need to provide some of your dad's documentation of his service if you can get it...but they are very accommodating. Best wishes on your home!!
If you've got good credit avoid a mortgage broker at all costs. You WILL get ripped off. Start with the bank where you do your banking. Then look for those with low or no lender fees. (might wanna check out Bank of America No Mortgage Fee Plus) Don't pay points unless you are 150% sure this is the house you will live in for a LONG time. Lastly get a SIGNED Good Faith Estimate. and get a SIGNED Rate Lock agreement. I've learned all this the hard way.
Whatever you decide, be very careful with title insurance. Title insurers are being investigated in many states for price fixing and paying kickbacks to realtors. As a matter of fact, a lawsuit was just filed in New York dealing with this very issue. More info on title insurance and the way some unscrupulous companies hurt consumers can be found here at this link:
Nassau Educators seems to have the best rates at the moment...try Bethpage as well. good luck to you!
I second Nassau..great rates, very helpful..go for it!
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