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Old 07-22-2009, 08:23 AM
 
181 posts, read 695,388 times
Reputation: 85

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Even there is a possibility that price will come down. But I will live in the house I am going to buy for more than 5 years. I have decided to get a house. Plus, buy or not depends on the exact deal and neighborhood too. I don't want to miss any good deals. Do you know which mortgage brokers or banks offer good mortgage rate? Thank you.

Last edited by greenthinker; 07-22-2009 at 08:31 AM..
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Old 07-22-2009, 10:24 AM
YAZ
 
Location: Phoenix,AZ
7,700 posts, read 14,037,430 times
Reputation: 7037
Schwab.

10% down, 30 year fixed rate at 5%.

Back in February for us.
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Old 07-22-2009, 10:42 AM
 
710 posts, read 3,384,544 times
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Totally going to depend on your credit, downpayment, loan type, and closing 'fees'.

Check out bankrate.com for a general idea, and then research upfront mortgage brokers.
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Old 07-22-2009, 11:28 AM
 
682 posts, read 2,561,413 times
Reputation: 344
Be careful about mortgage brokers. The guy who was foreclosed on in the house we bought now owns a new mortgage loan company and I for sure would not want to give him any of my credit information.

This is the same creature that ripped out most of the cabinets, all appliances, all plumbing fixtures, electric fixtures, and basically trashed the house when he was dumped on the street.

How these losers can start up companies handling other people's money is just mind boggling, but they are out there.

altus2006
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Old 07-22-2009, 11:41 AM
 
181 posts, read 695,388 times
Reputation: 85
Quote:
Originally Posted by YAZ View Post
Schwab.

10% down, 30 year fixed rate at 5%.

Back in February for us.
For real? I can give them a try. where is the office in Phoenix?
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Old 07-22-2009, 06:42 PM
 
157 posts, read 421,143 times
Reputation: 48
Quote:
Originally Posted by YAZ View Post
Schwab.

10% down, 30 year fixed rate at 5%.

Back in February for us.
Rates change daily so I'm not sure if that offer is still valid from February
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Old 07-23-2009, 09:33 AM
YAZ
 
Location: Phoenix,AZ
7,700 posts, read 14,037,430 times
Reputation: 7037
Quote:
Originally Posted by greenthinker View Post
For real? I can give them a try. where is the office in Phoenix?

2 large offices.

Camelback & 32nd St. & 24th St & Lincoln Dr.

Go to Schwab.com, it's easier. We did everything on line.

Except closing, of course.
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Old 07-23-2009, 09:34 AM
YAZ
 
Location: Phoenix,AZ
7,700 posts, read 14,037,430 times
Reputation: 7037
Quote:
Originally Posted by andrzejn View Post
Rates change daily so I'm not sure if that offer is still valid from February
True.

Still, should get a good deal now.
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Old 07-23-2009, 09:38 AM
YAZ
 
Location: Phoenix,AZ
7,700 posts, read 14,037,430 times
Reputation: 7037
I have one complaint about Schwab.

When we received our title paperwork, there was a descrepancy on when the first mortgage payment was due. So I called their 800 number.

I got India.

I could not understand the woman on the phone. Ended up dealing with the nice folks in Frisco.....
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Old 07-23-2009, 10:03 AM
 
682 posts, read 2,561,413 times
Reputation: 344
Another company to try is Mesa Mortgage in Mesa, AZ. I got my loan through them and they were easy to work with and they are local, so no India speakers.

Also, they had the lowest rates and closing costs that I found here.

altus2006
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