What is the best mortgage company to get a home loan with? Trying to buy a house…need low rates, etc.?

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Buying a house that’s being built right now…been shopping around where to get a loan from…any ideas?

3 Comments
  1. Reply
    Real Estate Para Legal
    April 29, 2011 at 11:22 pm

    E-mail me depending on the state I have various contacts in this field..Hope I can be of help…It would violate the TOS to post any here

  2. Reply
    Marty S
    April 29, 2011 at 11:39 pm

    Email me and I can get you set up. msmith@premierloangroup.com

    Marty

  3. Reply
    Home Loan Guru
    April 30, 2011 at 12:08 am

    As a Quicken Loans employee, I have to say I’m partial to Quicken Loans as the best mortgage company to get a home loan, but that’s a decision you’ll have to make by doing research and talking to mortgage professionals.

    When you are considering a mortgage, here are some other things you may want to keep in mind:

    •are their any hidden fees or costs at closing? Know this ahead of time. Once you are at the closing, it may be too late.
    •is your mortgage a fixed rate or an adjustable rate? If you go with an adjustable rate mortgage, which can a great tool to save monthly payment, make sure you understand the terms of mortgage and when and how much it will adjust.
    •are there any pre-payment penalties associated with the mortgage? A lot of companies will add thousands of dollars as pre-payment penalties and this can really hurt if you need to sell suddenly or refiance. Avoid pre-payment penalties at all costs!
    •will you have to pay private mortgage insurance (PMI)?
    *Note if you purchase a home in 2007 your PMI may be tax deductible so it may be less expensive than it looks on paper.

    Don’t be afraid to ask a lot of questions. If they aren’t willing to answer your questions than more than likely they aren’t willing to put you in the best financial situation.

    Finally, do yourself a favor and get referrals. I would advise you to talk to your friends and family about mortgage companies that they have used in the past . Try and get in touch with a company’s previous customers. A trusted referral is your best friend in the mortgage business.

    Good luck

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