RE: What the deal with these mortgage companies?
150159
You are somewhat correct.  The basically are all offering the same thing - but every now and then you will find one or two who are willing to give you a better rate than others.  \n\nWe just bought a new home and i went through this same thing.  I have a very good credit score so I knew i could get the rock bottom of the apr's out there so I looked around.  There were a few that seemed good - then i called a few more and found out that the ones I had previously thought were good weren't as good as I thought.  \n\nthey were offering me 5.75 with 1 point or 5.5 with 3 points.  this was on a 277,000 loan so that's a lot of mula.  \n\nI ended up going for Wells Fargo with NO POINTS  5.625 %  \n\nThat was a good one and very competetive.  \n\nThe other ones came from Lending tree - but I found Wells fargo on my own.  \n\nGood luck
1094296
My roommate is a mortgage broker who specializes in manufactured and mobile homes. He would be happy to answer your questions and help you with no obligation. I cannot post his contact info here, or it will probably be removed for advertising. If you would like his contact info (website, email, or phone number), contact me through my Q&A page. Just click on my screen name and email me. He works with 5 different companies who solely finance manufactured and mobile homes.
1006592
There are several options there but you may be better of talking to your bank, a mortgage broker and perhaps check an online offer to give you three options.  Keep in mind it may give you peace of mind to work with a local buisness or bank for your mortgage.  It never hurts to shop I tell all of my customers to shop around.  Check origination, lock fees, rates are important but can be less of an indicator of a "good loan" or not.
1094018
STACY R  is wrong.very wrong. There are lots of bank out there that do mortgage for people with bad credit. First thing to do is run your credit find out all three scores. get rid of the high and low and use the middle score. You need to use W2s to show income. are you buying by yourself or is someone else coming on the mortgage with you?Down you have any money to put down? If you have any other questions please email and I will answer for you. Johng@oldmerchants.com
45386
Be careful of the PRBC thing.  As soon as they have enough subscribers, it will be another "tool" of Mortgage Lenders to NOT issue a loan, especially if you had trouble paying your NOT-reported bills, such as rent or phone bills..\nIt's a matter of time when everything about us will be "of record" and privacy is quickly going to the wayside.
1142713
All I can say is shop around-get quotes from as many different lenders as you can because there are so many bad deals out there right now that some lenders will promise the sun moon and stars for your business. Don't use a fly-by-night place you never heard of-seek out ones that have reputations. Ask around and get recs from friends who have refi-ed even if it was on a house.
297338
Yes, that is exactly what happened!I walked into the stingy  bank they were only paying 3-1/2%!I knew right away the were telling stories,what about real estate? And they had some story about unclaimed.org or get a mutual fund.Or a mortgage.Or a credit card.
1070829
I don't need to check the website to know that it's a scam if they are promising you 10% per month.  Loan sharks are lucky to make that kind of interest, and they have to break a few legs to get it.  \n\nI had to take a peek at the site just to see how they were selling it.  So anyway, here's how you know it is a scam:\n\n1) 10% interest per month with no risk.  If they had a way to get that kind of a return you can be damn sure they wouldn't need to go trolling on the internet for investors.\n\n2) Bad grammar/spelling on their web page.  Page isn't professional. Their contact e-mail is a hotmail account.  Probably running this from some out of the way country without an extradition treaty, and their English isn't quite up to snuff.\n\n3) No one's ever heard of these guys.  No info about them from some independent source.\n\n4) They offer you large payments for referring other people.  This is always a big clue that it is a "Ponzi" type scam.\n\n5) They are very vague about how exactly they are investing your money.
904598
Yea right and get a full view of what is for sale?your are never given the full view of the market. Yep that is how they have shorted the market and drove up prices, with high returns that started a race of investors and flippers to even further jack up the prices, what do you know now we have a big bubble that is going to break and fast.\n\nThere is not a signal web site that have all the bank rope's, nor is the a web site that has all of what is of sale since there are several MLS and heck till lately there are many that would not even use the MLS they called that my exclusive listings.\n\nThis why why i think it is a good idea to have county ran MLS that are publicly assessable and mandatory for all property transactions. What a Thought to have a housing market with full disclosure that is fare and honest. Check out this web site it tells the full story
275990
OK listen up...Just bought a house. We needed 100% financing because we just didn't have a downpayment but needed to move...We don't have horrible credit..but it could be alot better...We spoke to several different mortgage brokers who all said "Sure no problem"  Well let me tell you this...they will promise the world but what it comes down to is that you will end up paying something one way or another.  There are alot of things that can happen.  We ended up paying $18,000.00 for closing costs, attorney's fee's (or title company fees) you have to get title insurance, homeowners insurance, deposits,etc etc.  There are a million and one things that "pop up".  So even if they tell you it can be done....don't believe them!
740601
1) The real rate on those loans is *never* 1%.  Not for one second.\n\nhttp://www.searchlightcrusade.net/posts/1126189276.shtml\n\n2) This has started to happen already.  People losing their entire investment, and banks in denial about underwriting practices are still making the loans.\n\nPeople are literally losing their life savings as well as their homes with these loans.  However, there seems to be enough demand such that the complete market collapse some people have been predicting isn't going to happen.\n\nStill, I hope that those who have been pushing them without disclosing the problems with these loans will be barred from the business, and preferably, imprisoned.
176181
zillo maybe bet your mortgage company needs to give you that info. CAll them
63709
For advertising your mortgage business check out RegionalMortgages.com  They have a national directory of local mortgage professionals.  Get listed there.  Cheap compared to other ads I've seen.
996091
Hi I work for a mortgage bank people with good credit  700 and above going full doc (W2 etc.)  0 x30 ( no lates) on your mortgage  no bk  good clean credit you are in the range of 6.75 with no PMI or MI even over 80 ltv this is a 30 fixed mortgage with no buy downs (read GMAC & quicken fine print) If you have any other questions please email at johng@oldmerchants.com
1182230
I've never used them but I've closed for clients several times where they were the lender.  They were about average, comparable with most of the other lenders who were not banks.\n\nMortgage brokers are good to deal with if you have credit problems or income issues.  They have many loan programs to choose from and can help you find a loan that will work for you.\n\nIf you don't have credit problems or income issues then I've found that it's best to deal with a bank rather than a mortgage broker.  The banks charge less closing fees and their rates are usually competitive with those offered by mortgage brokers.  The interest rate might be 0.25% higher but the fees are usually lower by sometimes hundreds of dollars.
1100626
I was with Lending Tree at one time, but it was a sister company to eloans, now have my own net branch - with Charterwest Mortgage, LLC.  Lending Tree is not bad - ok - Myself - like dealing with my clients on a more personal level - good luck -
1137569
if your PMI exceeds 400 a month- something is wrong--check with a mortgage Broker- who represents different lenders- and get an opinion of you mtg deal- sounds like you got a less than wonder full mtg deal--perhaps because of poor credit ratings-- or maybe the home was bought for no down payment-some of these seem attractive-yet can be very costly because of high interest rates or added extras like PMI- go to a broker or bank ASAP- don't wait to find out what can be changed- do it ASAP- and hopefully- someone can find you a better deal, right now !!! i am a retired CPA & CFP and a former bank auditor--if i can be of further help to you- holler back at me- good luck to you !!