We just got the call from the attorney--we've got 45 days to obtain our mortgage commitment!! I've been looking around at different banks, but I wanted some feedback from LIW'ers, especially teachers who've gotten mortgage interest discounts. Any feedback on the following: washington mutual, bank of NY, astoria federal, nassau educators? Any other ones I should look at? IMPORTANT: we're not closing till July so we need the maximum lock in (90 days with a further extension, or at least 60 days with the option to extend). I'm so clueless with all of this and I'm trying to gather info from as many sources as I can. TIA
lrs2005
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Re: teachers & mortgages
dbleplay17
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Re: teachers & mortgages
do you belong to nassau educators crdit union
or teachers federal credit union?
i am in those bank i know they do mortgages
Mrs. dleeny
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Re: teachers & mortgages
Blu-ize
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Wells held my first mortgage. I liked them very much. Right now I'm working with Wells on an investment property and so far they have been very competitive and very willing to work with us.
palebride
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Re: teachers & mortgages
stqay away from the bank of ny for mortgages we went with them with our co-op mortgage and they were a nightmare!!!!!
Meaghan729
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Re: teachers & mortgages
someone posted elsewhere that WaMu gives a half point discount to teachers...My FH is a teacher and we plan on buying a house next year so if this is true im psyched!
MrsMadness
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Posted by Meaghan729
someone posted elsewhere that WaMu gives a half point discount to teachers...My FH is a teacher and we plan on buying a house next year so if this is true im psyched!
It's a half point discount on any points that you would pay. Our soon to be mortgage is through them, and we are using this discount (our interest rate will be 6.375 and we are paying an eighth of a point for that, without points we were offered 6.5%) Good luck!
ginny26
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Re: teachers & mortgages
We've got an appointment with WaMu on Tues!! I couldn't pass up that .5 point discount!! Thanks all!!
no stress bride
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Posted by palebride
stqay away from the bank of ny for mortgages we went with them with our co-op mortgage and they were a nightmare!!!!!
I second that we just closed with them also on our house and it was a nightmare too!!
no stress bride
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Posted by no stress bride
Posted by palebride
stqay away from the bank of ny for mortgages we went with them with our co-op mortgage and they were a nightmare!!!!!
I second that we just closed with them also on our house and it was a nightmare too!!
