What is the best mortgage loan company?

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my parents are looking for a loan mortgage company.
also, is it possible for different loan companies to give the same person different pre approvals? like for different amounts of money?

6 Comments
  1. Reply
    Tray
    January 23, 2011 at 2:14 pm

    Different loan companies will be better then others for different people
    Normally though a house will go to closing easier if you use a local mortgage company. Using a online/remote company may be harder because it’s more difficult to get a hold of the loan officer or underwriter and when problems arise it could take longer to get them worked out.

  2. Reply
    Craig Dowling www.alliedmd.com
    January 23, 2011 at 3:13 pm

    There is no “best” mortgage company. Most lenders offer the same programs, rates, etc. However some lenders such as my company do get discount on pricing (rates) from certain banks for sending so much volume to them. To answer your question the best company is the one you feel most comfortable with. Find someone that will take the time to answer your questions and that make you feel like they are being honest. I would always get 3 quotes to keep everyone honest. You can get different pre approvals and for different amounts. It’s all about the individual on the other line and how much they know about their profession. If you have any questions you can go to my website at http://www.alliedmd.com and shoot me an email. Craig D

    Tray is totally incorrect. You are not any better going with a local company or out of state. A local company can give you the same run around. I do plenty out of state business and my clients come back for refinances or send referrals. Again it’s about the INDIVIDUAL with the company, not the company itself

  3. Reply
    igetayes
    January 23, 2011 at 3:56 pm

    The best way to get several company’s to give you different mortgage amounts and or rates is using http://lendingtree.com they are a service that holds all of there lenders/banks to a very high standard and you will only get top notch bids for your mortgage .They will give you up to four quotes pretty fast.

  4. Reply
    richard t
    January 23, 2011 at 4:50 pm

    mortgages are local……………..look into the local s&l’s

  5. Reply
    Asia
    January 23, 2011 at 5:11 pm

    All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrowerand are easier to qualify for than conventional loans. They are also guaranteed to the lender, which allows the borrower to obtain more favorable loan terms.

  6. Reply
    walkinandrockin
    January 23, 2011 at 6:00 pm

    The one that offers Trust and Experience. Shop long and deeply without looking at rates and fees first. If you shop rates and fees, you’ll likely get discount costs and discount service

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