Girls who are buying or bought homes

jenandmatt2009 Posted: May 04, 2009 07:06 PM

Girls who are buying or bought homes

Where did you get your mortgage??

We finally got a bid accepted after looking for over a year and many bids getting rejected...so now we are looking into banks and brokers for the best rate

Who have you used?

TIA

sjpaek Posted: May 05, 2009 11:01 AM

Re: Girls who are buying or bought homes

I'm using wells fargo. I looked around and they have one of the best rates in the market. Its pretty low now, its a little less than 5%. Not sure if you done so already but you should go for a pre-approval and get a good faith estimate now. So you have an idea how much they will lend you and how much additional money you will need to come up with (factoring in closing cost, taxes, % down, lawyer fees).

FYI....alot of the banks are requiring a minimum of 25% percent down (in light of current market conditions) if you can't do that much down they charge a fee. Make sure you inquire about that.

Colby212 Posted: May 05, 2009 11:10 AM

Re: Girls who are buying or bought homes

Bank of America. They have a no-fee mortgage solution. And there really were no gimmicks.

geegee827 Posted: May 05, 2009 11:12 AM

Re: Girls who are buying or bought homes

Our pre-approval is through Bethpage Federal - I think their rates are now between 4.5 - 4.75%. We're not sure if we are going to be using them when we actually find a house though. FH has a friend who is a broker who says he can beat their rates.

coldasice217 Posted: May 05, 2009 11:14 AM

Re: Girls who are buying or bought homes

I think Teacher's Federal is pretty low too, and we will probably go to them to see what we can be preapproved for.

KittyGags Posted: May 05, 2009 11:26 AM

Re: Girls who are buying or bought homes

We're using a broker thats shopping it to all the big banks for the best rate...I can forward his info if you'd like! We're still more than 60 days out from closing so we haven't locked in yet.

EmiNoa628 Posted: May 05, 2009 11:39 AM

Re: Girls who are buying or bought homes

I actually got both my mortgages with Opteum Mortgage... They sell if afterwards..

Right now I have Wells Fargo in my home and Chase in my rental!! They are both good and haev rates at 5%...

You should consult with a mortgage broker first... They HUSTLE to get the best rate!! Let me know if you need a referral

Good Luck!!

IrishBrideASmiling Posted: May 05, 2009 12:27 PM

Re: Girls who are buying or bought homes

I am using a broker who is excellent with first time buyers!!

FM me for info

sharivera Posted: May 05, 2009 12:45 PM

Re: Girls who are buying or bought homes

I was told that you should go to a bank to get a preapproval for a mortgage BEFORE you place a bid, that way you know how much you qualify for? I could be wrong though...
Anyone??

Tara1015 Posted: May 05, 2009 12:48 PM

Re: Girls who are buying or bought homes

Posted by Colby212

Bank of America. They have a no-fee mortgage solution. And there really were no gimmicks.

We used BOA also. The broker we worked with was excellent. He answered every e-mail and silly question we had. As first time home buyers we had a lot!

IrishBrideASmiling Posted: May 05, 2009 01:03 PM

Re: Girls who are buying or bought homes

Posted by sharivera

I was told that you should go to a bank to get a preapproval for a mortgage BEFORE you place a bid, that way you know how much you qualify for? I could be wrong though...
Anyone??

FH went to BOA and they took FOREVER to get back to him and basically ignored him or gave him an attitude any time he went into the branch or spoke to someone over the phone. He eventually got pre-approved and then they told him the amount.

We got pre-approved together from our broker.

I would suggest getting preapproved beforehand because you might have your heart set on a house, and come to find out that you cannot get a mortgage for it.

Good luck! Its a fun filled process, buying a house!

sdalloo Posted: May 05, 2009 01:29 PM

Re: Girls who are buying or bought homes

We used Chase - as we have our accounts there and have a strong relationship with the bankers there. Great service, attention to detail, and quick on responses to e-mails/calls and questions

cedesnyc Posted: May 05, 2009 01:46 PM

Re: Girls who are buying or bought homes

Citibank

jenandmatt2009 Posted: May 05, 2009 09:30 PM

Re: Girls who are buying or bought homes

thanks girls!!

we have been looking foreverrr..we got pre-approved a while ago so we're all good with that
so i'm just looking for the best rate right now

we're having a home inspection on saturday

good luck to all you other house hunters out there :)

Debrian2009 Posted: May 05, 2009 09:34 PM

Re: Girls who are buying or bought homes

Try looking into topdot.com

I heard they have good rates.

kristentinnelly Posted: May 05, 2009 09:35 PM

Re: Girls who are buying or bought homes

Posted by geegee827

Our pre-approval is through Bethpage Federal - I think their rates are now between 4.5 - 4.75%. We're not sure if we are going to be using them when we actually find a house though. FH has a friend who is a broker who says he can beat their rates.

Thats where we are pre-approved too. we probably wont go with them either

MrsCM Posted: May 07, 2009 07:57 AM

Re: Girls who are buying or bought homes

Astoria Federal Credit Union in November 2007 at about 6% which was really low then, we're looking to refinance now at 4.5

MrsCM Posted: May 07, 2009 07:58 AM

Re: Girls who are buying or bought homes

I will note though that for us to even get information about a mortgage with them and apply we had to open an account with them so maybe they aren't the best...