How do I find a good mortgage lender?

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I have been paying on my 30 fixed mortgage for 8 years now. Haven’t been late with a payment since 2006, but had a few late payments in ’05-’06 when my wife lost her job following a move to a different state. My credit is “good” at just under 700, last time I checked (last Aug). The mortgage I currently have is a VA loan, but it is at 7%!
I only want to shorten the term to a 15 year mortgage and continue paying about the same, or even a little more monthly, but at a reasonable interest rate (~5%). I just want to build up equity faster and pay it off sooner. I’m NOT trying to reduce payments or get a consolidation loan/line of credit.
One other key factor is that I no longer live in the home. It is a rental (single family home) which I maintain very well.
Bank of America won’t budge on refinancing or renegotiating the rate. I paid $ 168k for the house (brand new home) and owe just under $ 150k. I think the house would likely appraise for $ 180 – $ 185K.
Problem is that I get all of this junk mail which appear to be “bait and switch” tactics from nefarious lenders. I want a legitimate company to give me a reasonable loan with no hassle. Is that too much to ask?

  1. Reply
    February 13, 2011 at 10:50 am

    Here there are good sites on business

  2. Reply
    Beverly S
    February 13, 2011 at 11:39 am

    The problem is that it is a rental property! VA does not do non-owner occupied, nor does FHA. Conventional will with higher credit scores (740) but not at the loan to value that you need. Rental properties max out at 75% L.T.V. which you need more than that. Sorry!

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