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Old 02-03-2009, 02:06 PM
 
77 posts, read 269,303 times
Reputation: 25

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Sorry I had to start another Countrywide thread.

Since they will soon be Bank Of America (name change coming in April?) Is it safe for me to get an FHA through them without getting screwed somewhere?

My wife and I will be first time buyers and already met with a really nice Countrywide banker who seemed legit and knowledgeable but I'm wondering if I should speak to a few more lenders? We are looking to buy in the Chicago burbs (NorthWest)

I'm looking for the best way to get an FHA with the least fees.

Thanks
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Old 02-03-2009, 04:29 PM
 
Location: Atlanta, GA
331 posts, read 623,660 times
Reputation: 104
Do not worry about Countrywide as they are now Bank of America....to get the best deal you need to speak a couple lenders.

When you shop be upfront with your mortgage person, tell them the whole story and the more lenders you speak with the better idea you will get of their fees, knowledge, and attentiveness. Go with the person you feel the most comfortable with...and who is competitive...

Good Luck...
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Old 02-05-2009, 12:37 PM
 
3,627 posts, read 12,425,822 times
Reputation: 2682
It doesnt matter anyway. My dad got a loan through Coastal that was sold to Countrywide - just because you get a loan with someone......my wachovia loan was sold three times before it wound up with citibank.

Funny thing is he got better terms than through BOA, and BOA was making him jump through all sorts of ridiculous hoops.
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Old 02-20-2009, 06:55 PM
 
Location: Not where you ever lived
11,544 posts, read 25,124,062 times
Reputation: 6189
Talk to your credit union. They offer lower rates. and some hold in-house 30 yr loans. Mpt all credit unions are closed to the public. CEFCU is not, but you will jump through a lot of hopps to get a mortgage because they are conservative. BOA charges to deposit checks and write checks. I heard a rumor they were going to charge for phone calls. I think 6% ir high today.
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