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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
Name:
EMBRACING CHANGE
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mortgage shopping question
the last time i bought a house, the XH did all the leg work for the mortgage... this is one of the million reasons i had to sell.
anyway lol...
i am ALMOST ready to buy again. i have some paperwork/taxes to take care of, plus one small credit card balance to pay off (from my surgery back in february).
well, since i didn't do it last time... i'm not sure where to start on shopping around for a mortgage.
is it really as simple as applying for a mortgage with a few different financial institutions within a given window of time?
what would you suggest a newbie start? is there a website you would recommend?
thanks in advance for any info you can share.
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Posted 10/18/21 3:50 PM  |
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FirstMate
My lil cowboy
Member since 10/10 7790 total posts
Name:
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Re: mortgage shopping question
Basically they all give you the same rate with their own caveats or point purchasing benefits. Some may give you a slight discount if you hold accounts there. I do real estate deals all the time. I find the big commercial banks to be nightmarish, particularly Chase and TD. Mortgage banks, like Freedom, work well. Credit unions are great to work with. I also have had great experiences recently with Quicken Loans and Rocket Mortgage.
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| Posted 10/18/21 3:59 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: mortgage shopping question
Trust me when I say save yourself the trouble and just go with better.com. Assuming they service your area.
Great rates. Minimal to no fees. Hassle free online process. Used them three times and also referred them out. Their business model crushes the big banks and even the credit unions.
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| Posted 10/18/21 4:25 PM |
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angelicd77
LIF Adolescent
Member since 12/13 794 total posts
Name:
Kim
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mortgage shopping question
Ask the agent you are working with. They can recommend someone they have worked with in the past. If you can get a team together (ie; agent, attorney, lender) that have all worked together and have a good success rate, your life will be MUCH easier!
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| Posted 10/18/21 5:22 PM |
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MrsG823
Just call me Mommy.
Member since 1/11 5570 total posts
Name:
S
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mortgage shopping question
Get a mortgage broker. Our realtor had one right in their office and it was much easier than trying to navigate things alone. I didn’t pay him- he was paid as part of the brokers fee charged to the sellers.
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| Posted 10/19/21 2:36 AM |
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Re: mortgage shopping question
I think you need to rely on professionals in this matter. Of course, you can independently research this issue and tackle it. But it is better to seek help from a broker and a lawyer. By the way, read this https://lawrina.com/us-law/federal/codes/title-12/chapter-13/subchapter-ii/
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| Posted 10/25/21 6:37 AM |
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KarenK122
The Journey is the Destination
Member since 5/05 4431 total posts
Name:
Karen
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mortgage shopping question
We just refinanced and and went with Rocket Mortgage. They were fantastic and super easy to work with. Originally we were going with Chase as we have a ton of accounts with them but they were a nightmare and we pulled our application. Just search online, check out all the rates and do searches for reviews from customers.
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| Posted 10/25/21 8:30 AM |
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mommy2be716
LIF Adult
Member since 1/16 2921 total posts
Name:
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Re: mortgage shopping question
Posted by ave1024
Trust me when I say save yourself the trouble and just go with better.com. Assuming they service your area.
Great rates. Minimal to no fees. Hassle free online process. Used them three times and also referred them out. Their business model crushes the big banks and even the credit unions.
This. They are great for refinancing too
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| Posted 10/25/21 11:25 AM |
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Dolphinsbaby
My 3 little guys!
Member since 12/10 2943 total posts
Name:
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Re: mortgage shopping question
I loved the calculators on goodmortgage.com. Super helpful!
Message edited 10/30/2021 10:03:38 PM.
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| Posted 10/30/21 10:03 PM |
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