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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Mortgage Banks
Hey Ladies,
Ok, so we are finally looking to get pre-approved right after the new year. We DON"T WANT A BROKER. I wanted to know if you girls could let me know which banks you found that had the best rates. I do want to check out a couple, but I would also like to avoid some if possible. Thanks Kerry
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Posted 12/11/06 2:38 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Mortgage Banks
Wells Fargo.
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| Posted 12/11/06 2:40 PM |
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angnick
Life is So Wonderful!
Member since 8/06 6663 total posts
Name:
Angela
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Re: Mortgage Banks
washington mutual!
countrywide
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| Posted 12/11/06 2:40 PM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Mortgage Banks
Wamu
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| Posted 12/11/06 2:44 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: Mortgage Banks
Posted by lululu
Wells Fargo.
where and who is this???
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| Posted 12/11/06 2:45 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: Mortgage Banks
thanks ladies, our bank right now is WAMU and I would love to do everything through them so we are def. checking out them!!
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| Posted 12/11/06 2:46 PM |
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MrsA
.............................
Member since 1/06 2012 total posts
Name:
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Re: Mortgage Banks
Green Point
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| Posted 12/11/06 2:47 PM |
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bikramaddict
mommy-to-be
Member since 8/06 4376 total posts
Name:
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Re: Mortgage Banks
i talked to wells fargo and didn't like them. rate was good, but they were very poor communicators.
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| Posted 12/11/06 2:47 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: Mortgage Banks
You should just check out different banks and see what their rates are - you can get than information online for the most part. Just remember your rate might be different based on your credit. Also sometimes the information on the websites are sneaky and include points and other things, so be careful!
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| Posted 12/11/06 2:48 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Mortgage Banks
Posted by kerrycec03
Posted by lululu
Wells Fargo.
where and who is this???
I will FM you the details....
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| Posted 12/11/06 2:48 PM |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: Mortgage Banks
Washington Mutual
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| Posted 12/11/06 2:53 PM |
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PotofLuck06
Our Baby Boy Is Here!!!
Member since 11/06 13241 total posts
Name:
Betsy
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Re: Mortgage Banks
HSBC - we got locked in at 6% yesterday! FM me Kerry if you want our guy's name. He does mortgage applications for HSBC bank.
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| Posted 12/11/06 2:54 PM |
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DRMom
Two in Blue
Member since 5/05 20223 total posts
Name:
Melissa
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Re: Mortgage Banks
Just so you know you will still deal with a broker just one that works for one bank instead of thousands. I think you should also get quotes from a broker to see whats out there. GL
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| Posted 12/11/06 3:04 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Mortgage Banks
Posted by melijane
Just so you know you will still deal with a broker just one that works for one bank instead of thousands. I think you should also get quotes from a broker to see whats out there. GL
I agree- Jake is a broker/banker- so he can lend you money directly or shop rates for you
plus he gets wholesale rates- wells fargo is a retailer- Jake worked for them for 2 months- I never saw him to miserable
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| Posted 12/11/06 3:06 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Mortgage Banks
Chase-I had a good experience and got a great rate. I have a banker I can recommend.
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| Posted 12/11/06 3:06 PM |
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Hi-Fi55
12 years...wow....
Member since 2/06 2984 total posts
Name:
Dianne
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Re: Mortgage Banks
HSBC
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| Posted 12/11/06 3:12 PM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: Mortgage Banks
You typically do not rate shop when getting a pre-approval since it is usually too far in advance.
We are still shopping around for mortgages and I think we are going to go with Citibank. Since we bank there we are getting a few credits.
ETA -my real estate agent recommended Wells Fargo. She recently bought a place and said they had the best rates.
Message edited 12/11/2006 3:23:50 PM.
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| Posted 12/11/06 3:23 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: Mortgage Banks
In answer to your questions:
-usually you do shop around for pre-approval. It makes it easier in the end. As for far in advance, the pre-approval is good for 90 days and we are def. looking to begin putting offers in in Feb so it won't be too far in advance for us. Luckily we've narrowed our search down greatly to starter homes in Lake Ronkonkoma/Ronkonkoma and condos in Holbrook/Holtsville all under 300K so its basically getting into all the properties to see which one we like the best.
-my father is a real estate attorney so I really don't need a broker. I understand at the bank there are brokers, but private brokers fees are so high sometimes.
-I personally don't feel comfortable doing it online. I would like to speak to somebody directly.
It looks like we will be heading to WAMU and HSBC soon. Thanks ladies!!
Message edited 12/11/2006 3:36:10 PM.
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| Posted 12/11/06 3:30 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Mortgage Banks
Posted by Beth1210
plus he gets wholesale rates- wells fargo is a retailer- Jake worked for them for 2 months- I never saw him to miserable
That's too bad Jake had a bad experience at Wells as an employee - but I had a great experience using them as a lender. And they got me a very competitive rate.
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| Posted 12/11/06 3:55 PM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: Mortgage Banks
Greenpoint.
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| Posted 12/11/06 3:58 PM |
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Eleanor
LIF Adult
Member since 2/06 2223 total posts
Name:
Ellie
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Re: Mortgage Banks
I think different banks are competitive for different types of loans. One might have the best 30 year fixed rate, but another might have the best ARM rates (Since you said starter house, I'm assuming that you won't stay forever)
it's good to look at all the banks people have mentioned.
good luck
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| Posted 12/11/06 4:05 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: Mortgage Banks
Posted by Eleanor
I think different banks are competitive for different types of loans. One might have the best 30 year fixed rate, but another might have the best ARM rates (Since you said starter house, I'm assuming that you won't stay forever)
it's good to look at all the banks people have mentioned.
good luck
def DO NOT want a ARM!! We def want a 30 yr. morgage and we don't know how long we'd stay there, but being we would love a 3 bedroom, it wouldn't be a rush to get out. Thanks though
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| Posted 12/11/06 4:13 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Mortgage Banks
Posted by lululu
Posted by Beth1210
plus he gets wholesale rates- wells fargo is a retailer- Jake worked for them for 2 months- I never saw him to miserable
That's too bad Jake had a bad experience at Wells as an employee - but I had a great experience using them as a lender. And they got me a very competitive rate.
they are very cooprate - and he needed a fob just to get into his laptop - which locked him out every week (the pin was my name)- then he would have to fed ex it to the office to be unlocked- it was counterproductitive
he is happy in a less structured environment
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| Posted 12/11/06 4:19 PM |
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