U.S. CitiesCity-Data Forum Index
Happy Thanksgiving Day!
Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 01-15-2008, 08:04 AM
297 posts, read 1,004,947 times
Reputation: 167


Could someone please tell me some good banks to check out for home mortgage loans? I tried Lending Tree, but a bunch of no-name places popped up.

And, what are the going rates these days for a 30-year fixed for someone with excellent credit?

Rate this post positively Reply With Quote Quick reply to this message

Old 01-15-2008, 12:32 PM
Location: Brentwood, TN
317 posts, read 1,135,488 times
Reputation: 145
Hi there. I have a few different contacts you could call to get quotes. I'll send them to you in a direct message. I know rates change daily and I'm no mortgage lender, but I think if you were to lock in today, you could see rates below 5.5% on a 30 yr fixed. Obviously, you'd have to verify that with them, and they would not be able to guarantee it would hold or drop from there over time. If you were looking at a jumbo loan it would probably be somewhere around 6.25%. I do know rates have been the lowest they have been in a couple of years.
Rate this post positively Reply With Quote Quick reply to this message
Old 01-15-2008, 04:39 PM
Location: Florida
2,327 posts, read 6,453,458 times
Reputation: 2304
Some of those "no name" places can offer rates as much as 0.25% to 0.5% lower than the banks. Most are brokers that scour the wholesale market to find the best program for your situation, and if you follow what I preach in the Mortgage sub-forum and negotiate the "broker" or "front end" fee down to 1% of the loan value or $2,000, whichever is less, and the back end "yield spread premium" to no less than half a point, you should get a heck of a deal, especially as low as the rates are this week.

Moderator cut: advertising not allowed

Last edited by mbmouse; 01-15-2008 at 04:58 PM..
Rate this post positively Reply With Quote Quick reply to this message
Old 01-15-2008, 05:11 PM
Location: Squirrel Hill
6 posts, read 22,068 times
Reputation: 11
Default Best Pittsburgh Mortgage Lender

Be careful when dealing with mortgage bankers in Pittsburgh. I've been burnt several times and have now realized that the best way to get a mortgage in Pittsburgh is to let two different banks compete for your loan.

That way, they'll both tell you what the other bank is doing wrong, and trust me, mortgage lenders pull out every trick in the book.

I've had bad experiences with:
First Vanguard
Urban Mortgage (the jerome bettis one)
S&T Bank

Good experiences with:
Chase in the Southside Works
PNC Bank

Again, make sure you use at least 2 mortgage lenders and let them compete for your mortgage. You'll definitely get the best rate possible and if you're a first time homebuyer, look into the different grants PA offers.

Type in "loan in pittsburgh for little money down" in google and you'll see different grants come up.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.

Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 12:56 PM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top