Is anyone familiar with the online company First Preferred Mortgage?

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My daughter is shopping around for a mortgage company and has gotten a good rate from them. Naturally she is a little nervous getting a loan online. Does anyone have any experience with this company?

2 Comments
  1. Reply
    james w
    February 10, 2011 at 6:27 pm

    never heard of it..good luck

  2. Reply
    Big daddy
    February 10, 2011 at 7:18 pm

    Never heard of them. When you say she’s gotten a good rate, what do you mean? Was it a quote or has she actually signed pre-qualification docs and she has confirmed that her rate is locked? If so, how long is the rate locked for? Has the appraisal been ordered if it’s a refinance, or is the purchase contract in if it’s a purchase? Has she been pre-qualified, meaning that the file has preliminary underwriting findings from either fannie or freddie? If she cannot answer any of these questions firmly, proceed with caution, you can be promised the moon, just make sure she’s not reaching through mud first, good luck and feel free to ask questions

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