Is it wise to get a mortgage with Bank of America today?

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I’m trying to buy a new home. Is it wise to get my mortgage through Bank of America now? That would be my first home, and I really do not know much, any advice would be great.

  1. Reply
    April 30, 2011 at 1:02 am

    if B of A is your bank, yes
    otherwise, ask your bank for a loan

    all banks work the same

  2. Reply
    April 30, 2011 at 1:19 am

    BOA is a good bank but most lenders are going to have similar guidelines and rates I would prefer to work with someone in person than over the phone which you cannot get with a major lender directly I would work with a broker locally in your area that you trust talk to friends and family and check BBB for the company as well talk to maybe a few people. a broker has the ability to work with all the major lenders get processing done quickly and get the best rates because they are at wholesale rates. watch out for closing cost and points but you can also negotiate that with a broker because they charge most of the fees they can also recommend a reputable title company that they work with that can save you even more $ . Good Luck Don’t go with these online mortgage companies they are crazy.

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