 Stay at apartment, or move? pls help? |
| i live in a 1 bedroom the area is ok and its not so close to the city and my rent is 910 and its going up and i pay electricity. Its this other apartment for a nice luxury 2 bedroom for 985 in a nice ... |
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 Landlord bullying... help? |
| My ex-landlord (a lawyer) has not returned my deposit. Its been 3 and a half months since we moved out. One month after moving out, we called him to ask if he's returning the deposit soon. He ... |
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| Buying a house? |
| I am looking to buy my first house and don't know which way to go. Does anyone know the steps on what to do?... |
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 How can I get Oprah to buy my sister a house and put money in her account? |
Additional Details
seriously, shes really struggleing and has a heart condition.... |
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 What if I dont have a lease with the tenant, and they are not paying rent and are refusing to leave? |
what are my rights as a landlord that have tenants without a lease and refuse to move after not paying rent.
Do I have to go through the eviction process or can I just change the locks and lock ... |
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 What are the main points to consider when buying a barge/houseboat to live in? |
| I am thinking of selling my house and living on a houseboat/barge. and I don't know anything about maintenance, heating, anything really. There's so much to find out! Help please!... |
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 I moved into my rented house on 1st February and this is my last month in the tenancy - when do i vacate by? |
| If i moved in on the 1st of the month, can i stay legally until midnight on the 31st of this month, or can landlord insist i give keys back on morning of 31st?... |
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 Is there an agency that supports tenants rights? |
| I have a friend in rented accommodation and his Landlord is a waste of time not effecting the simplest of repairs yet increasing the rent. Is there anyone my friend can turn to for support?... |
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 Can my landlady put the rent up however much she wants? |
| my shorthold tenancy ran out on the 22nd oct 06 with the rent at £425pcm. I received a letter from my landlady on 1st Dec 06 saying she was willing to offer me another 6 month tenancy beginning on 22... |
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 I think I can afford living on my own, but can I get you're advice? |
| I want to move out. For many reasons. I want to live on my own before moving in with someone else. I want to know what I like and dislike and what I have OCD over before letting other people live ... |
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 I'm trying to buy a home, can someone help me? |
| I would like to buy a home nothing spectacular, just for me and a 3 yr old boy. The problem is I'am currently unemployed, because I'm going to school. I have a check that comes every month ... |
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 Can you be evicted for being late with your rent, if you've been having medical and financial hardship? |
| I've been ill and because of it lost my job. I've been looking for something right away, but in the meantime my rent have been late. I'm single, with no family, and my credit isn'... |
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 Can our landlord do that? |
| When we entered into our lease we payed first and HALF of last months rent. Now that we are moving out our landlord is saying that the half that we payed in the beginning does not go towards our rent.... |
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 What should I do about this fence dispute with my neighbor? |
A few months ago me and my neighbor both mentioned we were planning to fence in our backyards. I suggested to him we could save some money by sharing a boundry fence. He refused that offer.
... |
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 Will I get a $300,000 mortgage with no money down in south florida? |
| Here's my stats: Credit score 650-high 600's depending on who you ask, income $110,000/yr, stable job (pharmacist), good credit history but approximately 15,000 revolving debt and 120,000 ... |
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 Housing is expensive these days.. can't people just start living in their cars.. is this a fix? |
Plus there'd be no mortgage or payments. i mean, say a car is 8,000 to 14000 or whatever. Isn't that better than buying a house which can be 200,000 and up ( at least in CA)
I ... |
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LostKoss | Mortgage broker? Or just go talk to banks? |
I am wondering if I should use the mortgage broker I have been talking to, or should I just go start talking to banks?
Mortgage brokers are getting alot of bad press.
Seems I could save the brokers fees and just shop around for a loan myself.
We are thinking about getting a FHA loan.
Any advice or information will be appreciated. |
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mazziatplay
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That garbage about banks/lenders not offering FHA is just that, garbage. I've been a loan officer for more than 20 years and have been both a broker and a mortgage banker. In my experience mortgage banking institutions have higher ethcial standards and will provide better, more consistent service because they want to develop a relationship with you that includes your deposit relationships, not just profit from the commission on this one transaction.
An FHA loan is an FHA loan. Rates will vary slightly from lender to lender because that is how they compete but the fees are structured by FHA so the only way a broker can make more than 1% on an FHA loan is to give you a higher interest rate.
Talk to both bankers and brokers and go with the one who listens more than they sell and who you feel is truly interested in seeing that you are an informed borrower and who cares that your loan process is a smooth transaction. This relationship should be one based upon trust and one that you will count on for all of your mortgage needs from now on. |
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Carolinahomerates.com
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most lenders/banks dont offer FHA loans.
mortgage brokers fund 60% of the mortgages in the United States.
Brokers receive 'wholesale' rates, and dont have to pay a huge overhead...so it's cheaper to go with a broker.
some brokers MAY take advantage of this..and offer higher rates than the bank.
it's hard to shop around if you dont know what the in's and out's are of the mortgage industry. there are many tricks/trade that a broker can do for you.
another thing is that there are soo many lenders going out business that a broker can easily place your loan with another lender. |
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matzael
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Honestly, there are bad brokers and bad bankers both. Everyone makes a living when they loan money, even your bank or credit union.
The typical way it works is that a bank will charge a bit higher interest rate and lower fees. The broker charges higher fees and gives you a lower rate. Either one can let you do the loan the other way.
Banks aren't required to disclose the amount of profit built into a specific rate so some people act like it isn't there, but obviously it is. Shop a few different brokers AND bankers, only pay the broker fees if it justifies the difference in rate and results in an overall cheaper loan for you. |
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helpme
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there are" no good broker out there" i have try 12 of them none of them have better rates than bank. go to the bank they charge no point .broker charge 1 pt save that buy down rate |
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Matrixcm
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You should try both, banks and mortgage brokers. Both have fees. Ask your mortgage broker this question. "How many lenders do you work with and who are they?" They should be able to tell you a few names and probably not all. When I bought my house late last year, I checked out two mortgage brokers. One was going to charge 1.5 point (1.5%) of the loan amount and the other was about 1/2 point. The interest rate was the same. I also checked with my banks and the rates were slightly higher than the mortgage brokers. Finally, I went with one of the mortgage brokers with a lower fees and my mortgage lender is Wells Fargo Bank. By the way, some lenders pay mortgage broker a fee too in additional to what the mortgage broker charges you.
To find a good mortgage broker, ask you friends, ask your RE agent, find out how long the broker has been in business. There are a lot of reputable brokers out there.
Good luck |
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Ask M
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your bank |
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DallasLoanGuy
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Get a quote from a mortgage broker AND a bank. Compare.
Brokers may be taking a lot of heat right now. But there are still good brokers out there.
Have a family member/friend/co-worker refer you to a trusted mortgage advisor. |
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xander
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My answer is going to be scrutinized to an extreme as I am a broker myself, but I will respond anyway...
You can shop on your own, but that can be a tedious process that may leave you "taking what you can get," just because you don't have the time or resources to find the appropriate bank to service your situation. Most broker's, myself included, have access to SEVERAL lenders and are familiar with how each of them work. I personally have 132 lender's approved with my company that are still open and doing business. Every lender has a niche or two that make them competetive in the world of finance. It may take you a long time to find what you need, or worse you may not find what you really need and end up settling. Not to mention that it isn't difficult to determine if you are getting a good deal or not. My policy has always been to treat people fairly, thus the reason why I am not struggling in this turmultuous market. You can still find good people to work with in wholesale mortgage banking, it's just not as abundant or easy as it once was about 10 years ago. |
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Leo F
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Mortgage brokers charge high fees and a lots of crap fees, like $200 filing fees (costs them $20), courier fees ($100), and their cut (Thousands of dollars). Check out their home or car they drive $40,000 BMW. They didn't buy all this stuff because they are giving you a good deal. Your best bet is your local credit union. They have lower fees and they don't make their money based on a % of the loan. Mtg brokers are the main problem with the sub-prime market, putting people into loans (ARM) with bad credit when they should not have had a loan in the first place. Remember if the Mtg broker does not put you into a loan he/she does not make any money, so who's interest does he/she have? Not yours. |
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TM
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I shopped my loan online, through ditech.com. Their rate was better than wells fargo at the time I applied for my loan. I had great experience with them, everything was communicated via email. They locked my rate and there's no extra charges than what the paper said. By the time I signed the loan paper, they even came to my house. Shop online, it may surprise you! |
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texas mimi
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a mortgage broker will find the loan that works best for you and your situation. They have programs for no money down..not so great credit or whatever your situation is. The only way I would ever recommend someone going to a bank is if you have great credit and 15-20% down. |
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Boston George
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if you have good credit and money down you could probably walk into the bank and get a great loan try ING. |
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Alterfemego
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I always suggest to talk to local lenders, whether they be ones supplied to you by your Broker/Agent, or ones in town that are national offices. I do caution anyone considering using an on line lenders, because if something goes wrong, you want to be able to walk into their office and discuss it with them. You probably won't be able to even get the online loan officers on the phone! But you should select the lender that has the programs that best suits your financial picture. FHA is fine. |
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hollywoodmelody
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You can shop around and look into a 30 year fixed. Ask for rate sheets but these change on a daily basis. Look at Chase, Bank of America or Wells Fargo. They have all pretty much stayed ahead of the game except I did hear Wells Fargo was losing ground. |
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