First time mortgage questionnaire online?
Does anyone know of a site that basically asks you a bunch of questions (how much you make, your debt, age, state, etc) and tells you roughly how much they THINK you could get for a mortgage loan?
I found one on moneysupermarket dot com but it’s in England… I want one for the US.
I’m just looking for something unofficial, nothing that gives me another credit inquiry, and I’m NOT looking for the “mortgage rate calculator” to see how long it would take you to pay of xxxx$ if you paid extra each month or had less interest, etc.
what are the pros and cons between these 2? i see the rate from online mortgage broker is lower than the bank. for example, one mortgage broker told me he is able to get me 5.875 for a 30 yr fixed while some banks are quoting me 6.25%.
first the mortgage broker guy told me he is salaried and doesnt work on commission. and he is able to a volume of sales thus able to get me a lower rate.
and he also guarantee on a bank letterhead for my loan.
so who should i go with?
plus who here ever gone with a online mortgage broker instead of a bank? and did you ever regret it? did they ever try to do the “bait and switch” on your rate when comes closing time?