What is the best mortgage? which bank/ lender is most interesting a the moment?I want to buy my own place, but when I go to estate agents, some of them like B********* try and push into borrowing a lot of money asap. I find that suspiscious but yet they are the only ones giving free advice at the mo. I get lost into all this information... | |
i used supreme lending, LINDA SIVY, these people MADE a loan for me, i had a7.49 ARM that shot up to 10.49 at the end of the 2 yrs, linda and shari, her boss got me a 6.25 percent loan and not only that they explained everything to me in ways that made me feel like I HAD been doing this stuff for years!!!! and not only that they found a nice enough loan to pay off my 20 thous owed on my car at 13 percent, also at the 6.25 percent and they found a way to get NO PRE PAY PENALTIES, a cash out loan! in tx. pre pay penalties arent allowed on cash out loans! it was the best 20 min phone call i ever made, granted it took more than just 20 mins but that was the initial call that started it all, and they even took 3 credit cards i owed a lot on at 23 percent and threw them into my 6.25 percent loan also, i am skipping a month of payments, about 1700.00, plus the payments to follow will only be 1200.00 which saves me 500 a month, i cant praise her enough....
Any non-sub-prime lender. Preferably a lender who charges low to zero points to fund your loan. Off the top of my head I would try Bank of America or Countrywide. One thing that might help you is to get your credit report (free) from annualcreditreport.com. That is the legitimate site to pull your credit from for free, once a year. Anyhow, figure out how much gross income you make, then figure out what your debt to income ratio is. Take your minimum monthly payments on your debt, divided by your gross income, i.e. $1000 mo. pymts divided by $2000 in income = 50% DTI. Then figure out your credit score and when you talk to lenders, ask them what their lending criteria is before they run your credit. Such as, what credit score they require for their better loan products (better interest rates, low points, etc.), what the minimum DTI is and whether or not you would be a candidate for a sub-prime loan vs. prime. Most lenders are over-anxious to dump an inquiry onto your credit, and while searching for a house or car, the credit bureaus typically allow for many inquiries to be looked at one. However, once you exceed that threshold, the impact to yoru credit is negative. Hard inquiries can stay on your credit 2 to 3 years - I think it's 3. Anyhow, happy hunting!
I recommend Smart Choice Mortgage. They do business in most states and are your best opportunity for someone to say yes. ADDITIONALLY, IF YOUR CREDIT IS SUSPECT, THEY SOMETIMES FRONT THE MONEY TO GET YOU INTO A CREDIT RESTORATION PROGRAM SO THAT YOU CAN QUALIFY FOR A LOAN. Check out the free evaluation form at the source website and a Smart Choice loan officer will contact you within 24 hours. Good luck.
You are the client, the one giving business, you can go talk to anyone you want. Get with a mortgage BROKER. A loan officer. Give them all your info they ask for and if you get approved for a loan they can then broker out your loan to different banks who will take it, whoever will give you the best deal. Shop around.
It depends on your circumstances. Try yourmortgage.co.uk
you can compare there different mortgage providers. It seems that Alliance & Leicester is offering quite a good deal at the moment.
Northern Rock always has good reviews. I'm with them and never had a problem, good service too.
Look at this news article, then go to your local bank or credit union. Good Luck!
http://news.yahoo.com/s/nm/20070412/lf_n...
