Posted on: 12th Jul, 2009 03:21 pm
I'm confused, how do I shop for the best loan? I've read that you should approach your Bank, a lender , a broker, credit union.. how do I do this, do I fill out separate applications, just talk hypothetically? How does a person find out which company, bank or broker has a good track record? does anyone specialize w/ lower income people looking for lower priced property?
You can begin by contacting some of the qualified loan professionals on this site.
Hi boonesby,
You need to contact various lenders and check out what type of rates, terms and conditions they are offering. You will have to fill out separate applications to apply with different lenders. If you need assistance in finding out the right type of loan for you, you may contact a mortgage broker. They are in constant touch with a number of lenders and will be able to assist you in choosing the right kind of loan.
If you are looking for loans meant for people with lower income, you can go for FHA or USDA rural development loans. These loans do not require you to put down too much of down payment and the rates on this type of loans are generally low.
You can also go for a no-obligation free mortgage consultation with the lenders in this community. They will assess your financial situation, your credit scores etc. and will offer you free suggestions on the kind of mortgage that will best suit your needs.
You need to contact various lenders and check out what type of rates, terms and conditions they are offering. You will have to fill out separate applications to apply with different lenders. If you need assistance in finding out the right type of loan for you, you may contact a mortgage broker. They are in constant touch with a number of lenders and will be able to assist you in choosing the right kind of loan.
If you are looking for loans meant for people with lower income, you can go for FHA or USDA rural development loans. These loans do not require you to put down too much of down payment and the rates on this type of loans are generally low.
You can also go for a no-obligation free mortgage consultation with the lenders in this community. They will assess your financial situation, your credit scores etc. and will offer you free suggestions on the kind of mortgage that will best suit your needs.
I Can Help With Your Mortgage!
I would love to assist you. Email me back, and let's discuss!
MSmith@PrecisionFundingUSA.com
M
I am on line now!
I would love to assist you. Email me back, and let's discuss!
MSmith@PrecisionFundingUSA.com
M
I am on line now!
you need not go through the application process in order to determine who the best lender for your situation may be. eric has noted that we have numerous lenders on this site who'll be able to help you. also, if you have friends or family members who can make recommendations to you for a lender, that's a good source usually.
as for low-income, etc.: yes, indeed, there are many lenders whose loan officers specialize in lower income borrowers - often it's just the area in which they are located that can make that happen. the market i work in, as it happens, is one in which we have lots of lower-income borrowers.
and, of course, with lower-income borrowers, we find that the home prices are lower as well.
as for low-income, etc.: yes, indeed, there are many lenders whose loan officers specialize in lower income borrowers - often it's just the area in which they are located that can make that happen. the market i work in, as it happens, is one in which we have lots of lower-income borrowers.
and, of course, with lower-income borrowers, we find that the home prices are lower as well.
