Posted on: 11th Apr, 2010 06:39 am
hi everyone, i just signed up and want to say hello.
i am in the market for a mortgage. i have excellent credit, low debt and i'm looking to borrow approx. 250k-350k. i'm thinking of a 30 year fixed but am open to suggestions....i plan on retiring in 10-15 years but i can't say now whether i would stay or sell. i live in southern ct.
any suggestions for lenders would be much appreciated and certainly any lenders that i should avoid would be evn more appreciated.
i'm currently with wells fargo.
thanks in advance,
neal
i am in the market for a mortgage. i have excellent credit, low debt and i'm looking to borrow approx. 250k-350k. i'm thinking of a 30 year fixed but am open to suggestions....i plan on retiring in 10-15 years but i can't say now whether i would stay or sell. i live in southern ct.
any suggestions for lenders would be much appreciated and certainly any lenders that i should avoid would be evn more appreciated.
i'm currently with wells fargo.
thanks in advance,
neal
You can contact the lenders based in your area in order to get a loan. You'll have to apply for a loan and they would pre-approve you if you satisfy the required criteria. As you're planning to retire in 10-15 years, it would be better if you could go for a 15 years loan if you can afford it. This will help you in retiring debt free.
You can also speak to the lenders of this community and seek a no obligation free mortgage consultation. This will help you know what type of rates and terms you would receive.
You can also speak to the lenders of this community and seek a no obligation free mortgage consultation. This will help you know what type of rates and terms you would receive.
neal, if you have had a reasonably good ride with wells fargo, it would seem to make sense to go back if that's within your plans. of course, like all other states, ct is full of competitive lenders. none of them will care about your long-term plans for the home you plan to purchase, so that won't come up.
i don't know that i could specifically state who those lenders are that you'd want to avoid, unless you mentioned someone specific who i knew to be unworthy. that's a hard question to address - some people's favorite people are other people's least favorites.
i don't know that i could specifically state who those lenders are that you'd want to avoid, unless you mentioned someone specific who i knew to be unworthy. that's a hard question to address - some people's favorite people are other people's least favorites.
thanks for the input, i appreciate it
Best game plan is usually to call and speak with several lenders. Narrow that down to 2 or 3 that you establish a working rapport.
You want a couple so that they are in competition with each other for your business. You end up with slightly lower costs or maybe slightly lower rate by using one against the other.
Like many things that cost money, the lender charges whatever the market will bear (the Realtors do the same and the seller sells for whatever the market will bear). If you get two or more in competitoion with each other, you do not bear so much.
You want a couple so that they are in competition with each other for your business. You end up with slightly lower costs or maybe slightly lower rate by using one against the other.
Like many things that cost money, the lender charges whatever the market will bear (the Realtors do the same and the seller sells for whatever the market will bear). If you get two or more in competitoion with each other, you do not bear so much.
