Meeting with a mortgage guy on Wed.
- Thread starter stosh
- Start date
I just got my mortgage at the bank that I have delt with since I started dealing with banks. Been an RBC customer for ~20 years....
A year ago when we were looking I went to get pre-approved with my bank and it was a nightmare.
I'll have them submit a bid to me but I doubt I'll use them.
Did you shop around?
We went with someone that was referred to us. My uncle has bought 5 homes through this company and working with this particular woman.
We were very happy with our choice. We felt like she was working for us. She was always concerned for our well being and not getting into more than we could handle.
Its about more than the rate, but also dealing with someone that knows what they are doing and isn't just trying to squeeze another $ from you.
We were very happy with our choice. We felt like she was working for us. She was always concerned for our well being and not getting into more than we could handle.
Its about more than the rate, but also dealing with someone that knows what they are doing and isn't just trying to squeeze another $ from you.
do you have a near 700 credit score?
Nope. I'm too impatient, or unedumicated when it comes to mortgaging....
That is some serious high density housing right there.
I'm fairly comfortable with the guy I'm using but if someone quotes me lower I know he'll come down so I'll still use him.
I've used a number of them.. Wells Fargo, Countrywide, and several local companies that shop for your best rate.
Ask a bunch of folks, and see what the general consensus is. The reason why this works is because they market for business, and the best way to get that business is referrals.
If this person is a mortgage broker, then be very wary, because there are a lot of hidden cost when using this form of mortgage shopping. Your better off spending the time shopping for your own rates. This is relatively simple to do with all of the big mortgage companies such as Countrywide.
If this person is a mortgage broker, then be very wary, because there are a lot of hidden cost when using this form of mortgage shopping. Your better off spending the time shopping for your own rates. This is relatively simple to do with all of the big mortgage companies such as Countrywide.
Thats who we've used for the past five years, and they are also the company that have helped out numerous clients of mine get bought with a decent mortgage when I was a Realtor.
The wife and I are going through this right now. We did not have time to shop around, so we found a company that does it all for you. We have been very happy and the woman we are working wiiths seems to always be available to answer any qurestions that we have.
I believe the fee is 500.00. But looking at all the time and aggravation it is saving us, wel feel it is worth it.
I believe the fee is 500.00. But looking at all the time and aggravation it is saving us, wel feel it is worth it.
easy breezy to work with... Wells Fargo is just a good maybe a tad bit better.
Do not use CapitolOne... they are very hard to work with - teh suck.
Well, someone will have to buy ALL of those notes if they go under 
, but, being that they are one of THE biggest, they are the ones who will be in the spotlight in the press.
Don't let all of this fool you....they are ALL in trouble.
, but, being that they are one of THE biggest, they are the ones who will be in the spotlight in the press.Don't let all of this fool you....they are ALL in trouble.
Yeah my mortgage broker said his business was set back 7yrs and that was back in August.Well, someone will have to buy ALL of those notes if they go under
Don't let all of this fool you....they are ALL in trouble.
With the way the market is, you'd do better without a broker.
also, talk to your local banks. they are often great to work with and offer very competive rates.
are you buying new or used or building?
Stosh i wound up going with Citibank for several reasons.
1. I dont trust any of the freelancers.. stick with a reputable bank
2. a lot of smaller banks sell their (your) mortgage to other banks.. which isnt a major deal until you send your $$ to the wrong place.
3. I got major discounts and a better rate since almost everything i do financially is with them.
4 Customer service.. This lady who helped me .. made me understand everything, I was totally honest with her and she told me she would match any other quotes.. she also helped me get throug it all. I always checked with her everytime someone told me something different out there.
PM me if you would like her number.. she is a sweetheart and I have sent many people her way.. she is more than happy to help you out
now.. where you buying a house?
1. I dont trust any of the freelancers.. stick with a reputable bank
2. a lot of smaller banks sell their (your) mortgage to other banks.. which isnt a major deal until you send your $$ to the wrong place.
3. I got major discounts and a better rate since almost everything i do financially is with them.
4 Customer service.. This lady who helped me .. made me understand everything, I was totally honest with her and she told me she would match any other quotes.. she also helped me get throug it all. I always checked with her everytime someone told me something different out there.
PM me if you would like her number.. she is a sweetheart and I have sent many people her way.. she is more than happy to help you out
now.. where you buying a house?
buying a house isnt that big a deal really.
You'll be shocked at how easy it really is once you are done...
You'll be shocked at how easy it really is once you are done...
I always have gone through a Broker, Most of the time they were reffered to me by friends, and I have been happy . And remeber the company who you start with is by no means the one you will end up with . my mortgage has been sold a number of times .
edit: No matter how good it may sound DON'T get an adjustable ! , get a fixed rate!
My Current mortgage is with them. I have no complains with them. Bank of America used to drive me crazy.
edit: No matter how good it may sound DON'T get an adjustable ! , get a fixed rate!
seems like closing costs are always more than i think they will be...
good to estimate high when it comes to them
wurd!
Booooo adjustable rate mortgage....Hooray Beer!!!!!!
Holy fawk you're alive!
Why yes, yes I am. Thought I'd poke my head in and scare the N00bs for a day or so.
They always need scaring
You still out in the mid west?