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07-15-2008, 09:11 AM
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Senior Member
Status:
"Ready for Christmas lights!! =)"
(set 26 days ago)
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Join Date: Apr 2008
Location: ~Arkansas, USA
479 posts, read 306,393 times
Reputation: 147
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Reliable Mortgage Companies??
If you were looking to get a new mortgage or refi what company would you choose?
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07-15-2008, 09:42 AM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,768,966 times
Reputation: 673
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This would depend on your qualifications, and what type of product you're looking for.
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07-15-2008, 12:07 PM
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Senior Member
Status:
"Ready for Christmas lights!! =)"
(set 26 days ago)
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Join Date: Apr 2008
Location: ~Arkansas, USA
479 posts, read 306,393 times
Reputation: 147
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Are you serious? You mean to tell me that there is no "A list" companies out there that can provide their customers with a wide range of services and can be fairly flexible to their customers needs? Does anyone have any companies that they have dealt with and have felt them to be easy to deal with, flexible, and reliable?
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07-15-2008, 12:28 PM
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Senior Member
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Join Date: Feb 2008
Location: Las Vegas, Centennial Hills
1,762 posts, read 1,393,067 times
Reputation: 361
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Quote:
Originally Posted by RTTNFAM
Are you serious? You mean to tell me that there is no "A list" companies out there that can provide their customers with a wide range of services and can be fairly flexible to their customers needs? Does anyone have any companies that they have dealt with and have felt them to be easy to deal with, flexible, and reliable?
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If you are looking for a wide range of products, services, and flexibility perhaps you should talk to a broker. Ask friends, family, and co-workers for referrals. |
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07-15-2008, 01:27 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,768,966 times
Reputation: 673
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No there isn't.
The best jumbo lenders do not offer the best conforming rates.
The best conforming lenders do not offer FHA loans.
The best FHA lenders may offer the worst conforming rates/jumbo rates.
Not all lenders do FHA, and not all lenders offer construction loans.
Only a few lenders offer subprime mortgages, and only a few go over 2million. Not all FHA lenders offer 'manual underwriting', and some dont go lower than a 660 FICO. Not all lenders are VA approved, and there are only a few lenders that offer 2nd mortgages.
Quote:
Originally Posted by RTTNFAM
Are you serious? You mean to tell me that there is no "A list" companies out there that can provide their customers with a wide range of services and can be fairly flexible to their customers needs? Does anyone have any companies that they have dealt with and have felt them to be easy to deal with, flexible, and reliable?
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07-15-2008, 02:13 PM
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Senior Member
Status:
"Ready for Christmas lights!! =)"
(set 26 days ago)
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Join Date: Apr 2008
Location: ~Arkansas, USA
479 posts, read 306,393 times
Reputation: 147
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Quote:
Originally Posted by renriq02
No there isn't.
The best jumbo lenders do not offer the best conforming rates.
The best conforming lenders do not offer FHA loans.
The best FHA lenders may offer the worst conforming rates/jumbo rates.
Not all lenders do FHA, and not all lenders offer construction loans.
Only a few lenders offer subprime mortgages, and only a few go over 2million. Not all FHA lenders offer 'manual underwriting', and some dont go lower than a 660 FICO. Not all lenders are VA approved, and there are only a few lenders that offer 2nd mortgages.
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OK...so if I were to say that I need a new loan on an existing structure and have over a 660 FICO and atleast a 10% downpayment if not more, who would you recommend? I am talking about getting the best possible rate (the my FICO will allow) PLUS a great company who can offer great customer service. |
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07-15-2008, 02:15 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,768,966 times
Reputation: 673
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Not all lenders lend in the same state
Will also need to know loan amount...
Quote:
Originally Posted by RTTNFAM
OK...so if I were to say that I need a new loan on an existing structure and have over a 660 FICO and atleast a 10% downpayment if not more, who would you recommend? I am talking about getting the best possible rate (the my FICO will allow) PLUS a great company who can offer great customer service.
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07-15-2008, 02:18 PM
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Senior Member
Status:
"Ready for Christmas lights!! =)"
(set 26 days ago)
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Join Date: Apr 2008
Location: ~Arkansas, USA
479 posts, read 306,393 times
Reputation: 147
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I am giving a hypothetical... I am still looking for a home to purchase and still trying to sell mine.... But when I do buy I will not purchase anything over $115,000 and it is in Arkansas.
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07-15-2008, 02:21 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,768,966 times
Reputation: 673
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I would try a local credit union. They may help with your low score, and may also offer 'lender paid PMI'. If you try a regular conventional loan, then you may pay high PMI figures.
Look for lenders that offer LPMI - lender paid PMI.
There are few lenders that offer these types of loans.
I'll look to see who lenders in AR that maybe able to help you out
Quote:
Originally Posted by RTTNFAM
I am giving a hypothetical... I am still looking for a home to purchase and still trying to sell mine.... But when I do buy I will not purchase anything over $115,000 and it is in Arkansas.
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07-15-2008, 02:23 PM
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Senior Member
Status:
"Ready for Christmas lights!! =)"
(set 26 days ago)
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Join Date: Apr 2008
Location: ~Arkansas, USA
479 posts, read 306,393 times
Reputation: 147
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Quote:
Originally Posted by renriq02
I would try a local credit union. They may help with your low score, and may also offer 'lender paid PMI'. If you try a regular conventional loan, then you may pay high PMI figures.
Look for lenders that offer LPMI - lender paid PMI.
There are few lenders that offer these types of loans.
I'll look to see who lenders in AR that maybe able to help you out
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My low score? My FICO is 690, I wasn't aware that 690 was low? |
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