Consumption and Real Estate
Where can I get the best on-line mortgage rates now that mortgage rates are dropping again?
Question : Where can I get the best on-line mortgage rates now that mortgage rates are dropping again?
mortgage on line
Best answer:
Answer by Barbara R
I wouldn’t recommend on-line mortgage companies at all. Find one locally around where you live. If you have troubles, then you can go at regular business hours and talk to real people. Less likely for scams and errors.
-
-
#2 written by David P 1 year ago
call me, and i will custom tailor you a loan program, specificly for your needs and wants. this is what i do, and i’m very good. i wont charge you anything, (no app fees or consultation fees) and i can let you know, from a very professional mortgage standpoint, what you best options are.
203-729-8900, or 203-410-4427, ask for david powell -
#4 written by togashiyokuni2001 1 year ago
The problem with online mortgage companies is that they usually know less about the mortgage industry than the average newly-licenced realtor (realtors usually don’t know the first thing about the mortgage industry for at least 5 years). Anyway, going online is a good way to get a 30yr fixed mortgage that will get sold to 8 different investors making a whole helluva lot of money off you. The problem is, a 30yr fixed mortgage isn’t the best product for everyone, and the person you talk to won’t know how to structure a deal specifically for you. Your best bet is to talk to a mortgage broker, becuase a good one will get to know your situation, find the pitfalls and potholes in the road ahead, and plan around them. Plus, they’ll give you a product that better meets your needs than just a kneejerk 30-fix or 2/28 ARM.
-
#5 written by HomesByDamon.com 1 year ago
Be careful with online lenders, especially with purchase transactions.
When it comes time for closing/escrow, it’s best to deal with someone local because if something goes wrong at the closing table you need immediate access to your regular point of contact (typically the loan officer) and with online lenders you can sometimes fall into a black hole.
-
#6 written by CA Mortgage Planner 1 year ago
Why are you interested in “on-line mortgage rates”? I can give you a no-obligation price quote but It is not 100% online. I am a Mortgage Planner from California but I can work with anyone anywhere in the US. To get started, just fill out whichever of these two forms apply:
Refinance: http://www.realty-guru.com/Consultation
Pre-Approval: http://www.realty-guru.com/Pre-ApprovalI work with over 250 banks and I will find you the best rates possible!
- Comment Feed for this Post
The most well known on-line companies sell your information as a lead to several mortgage lenders with the idea that “when banks compete….” Though a nice marketing piece, it does little to get you the best rate. The different lenders never see the other quotes, and you are simply one of thousands that they have bought. They feel good if they close 5% of the leads they buy, and since they are paying for the lead, their cost is higher than if they didn’t have to buy the lead, so guess who ultimately pays for that expense? The consumer, of course.
Even the places that do ‘comparison’ charts are usually not the best real deals out there. They normally pay to be on the list, then some low ball the pricing, below what anyone can realistically get, and others are real. The trick is the consumer doesn’t know which is which.
The best solution is not to shop for the lowest rate, the best solution is to shop for a competitive pricing with someone you are comfortable with and can trust.
If you want some general info, you can check my website at http://www.fnmshome.com. I do lending in all 50 states, but may or may not be a right fit for you. By the way, on-line doesn’t mean lower rates in most cases.