Welcome to Mortgage Guide
Apply Mortgage Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Where to Find a Mortgage Lender
from:If this is your first time buying a house, you probably are trying to figure out where to get a mortgage lender. Often, people don’t go looking for a mortgage lender until they’ve looked at some houses for sale. However, that may be a mistake in this economic climate. You may end up finding the perfect house and realizing only too late that you can’t find a mortgage lender to qualify you for a loan. So, start early to look for a mortgage lender and have all your documentation in order to make the purchase less stressful and more efficient over all.
Mortgage Brokers
You can start the process by either looking in the phone book for local mortgage brokers or contacting the local board of realtors to get a listing. Either way, you will find many different mortgage broker companies listed that can help you find a great mortgage professional. Another more reliable way is to get a reference for a mortgage lender from someone you know. Sit down with the mortgage lender early to find out how much house you qualify for or whether there are any issues that will keep you from getting a mortgage that need to be resolved.
Online Mortgage Lenders
There are broker listing agencies on the Internet, like lendingtree.com, that allow you to put in your information for people in the mortgage industry to bid competitively for your business. This can be a great way to get acquainted with whether you make an attractive client or whether you get few offers and poor terms. Then, you can start to address the issues and try again later, if it doesn’t work out. Getting a mortgage is a lengthy process and don’t be too upset if they ask you for paperwork that may seem redundant. It’s in their interest to verify your loan and ability to pay your projected mortgage and it can save you the problem of buying more than you can afford.
Realty Agents
If you are already in the process of home shopping, you can ask your real estate agent to hook you up with a mortgage broker. This isn’t the preferred method, as you have no idea what type of business relationship a real estate agent might have with a particular mortgage lender. The one they steer you to might not be the best lender, but rather one they are receiving some sort of payback from by steering business to them. Although this isn’t always the case, it’s something to be aware of when trying to find a reputable mortgage broker who can offer a competitive bid.
Apply Mortgage News
Mortgage rates hit 4th straight record low - OCRegister
Mortgage rates hit 4th straight record low OCRegister APPLICATION NEWS SUMMARY: Mortgage Bankers Association weekly survey indicates loan application volume for the week is virtually unchanged. While the MBA headline points to refinance loan applications increasing for the third consecutive week with a ... |
Treasury, CFPB & SIGTARP Issue a Fraud Alert to Help Combat HAMP Mortgage ... - LoanSafe
Treasury, CFPB & SIGTARP Issue a Fraud Alert to Help Combat HAMP Mortgage ... LoanSafe ... the Treasury (Treasury) today issued a fraud alert to the Armed Services community to combat scams targeted at homeowners seeking to apply for mortgage assistance through the Home Affordable Modification Program (HAMP) and other federal programs. |
Delco man charged in $600k mortgage fraud at Shore - Philadelphia Inquirer
Delco man charged in $600k mortgage fraud at Shore Philadelphia Inquirer The indictment said that the kickbacks were not disclosed to various mortgage lenders and that Smith applied for the mortgages himself and helped others apply for mortgages using bogus information. Smith was charged with conspiracy, wire fraud and ... |
CBA trims interest rates for fixed-rate mortgages - Sydney Morning Herald
 BigPond News | CBA trims interest rates for fixed-rate mortgages Sydney Morning Herald Interest rates on four- and five-year fixed-rate mortgages have been cut by 35 basis points to 6.29 per cent and 6.39 per cent, respectively. The new rates apply from today for new and existing borrowers taking up a fixed rate mortgage included in ... CBA cuts fixed loan interest rates |
BMO Bank of Montreal Decreases Mortgage Rates - SYS-CON Media (press release)
BMO Bank of Montreal Decreases Mortgage Rates SYS-CON Media (press release) The interest rate for a fixed rate mortgage is calculated half-yearly not in advance. Rates are subject to change without notice. Offers may be withdrawn or extended without notice. Mortgage funds must be advanced within 90 days of the application. |