How do you get the best mortgage deal?
We have been pre-approved by a mortgage company. The mortgage company has recommended a real estate agent. I am a little leary of going with this real estate agent, however, because, being a first time home buyer, I need a lot of guidance. I am afraid that, being tied to the mortgage broker, the real estate agent might not fight to get us the best mortgage deal (if it happens to be with a company other than the original mortgage broker’s).
How do you go about getting a good mortgage deal?
first of all, the real estate agent is not there to get you a deal on a mortgage – that is either your responsibility or the mortgage broker’s responsibility. The agent is there to put you in a house (show you houses, explain the offer/acceptance routine, be there at closing and walk you through the purchase process).
If you do not trust you mortgage broker to get you a fair deal, then you can start calling around to banks in your area and inquire about their rates. This means, however, getting a new pre-approval and starting from scratch on the mortgage. Being a first-time buyer, if you go this route, you are going to have to educate yourself regarding rates and points and buy-downs.
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Buying your first house and obtaining a mortgage can be overwhelming and even confusing. Check out this video to learn the basics about a mortgage and get some tips about the process.
An overview of the Collins Center for Public Policy’s training on foreclosure mediation for Florida’s First Judicial Circuit Court in Pensacola, FL., on April 8, 2009. The program provides guidance to mediators who will be working on cases involving homeowners and lenders in the circuit, which encompasses Walton, Okaloosa, Santa Rosa and Escambia counties. The sessions are to see if a work-out can be reached between homeowners and lenders.
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As part of his continuing series of reports making sense of economic news, Paul Solman tells the story of some homeowners who have stopped paying their mortgages even though they can still afford them.
the mortgage link with 1st republic mortgage bankers
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Another Radio Interview from a TeachMeHomeLoans.com user. She saved a ton on her loan, and was empowered to not get taken advantage of. Teach Me Home Loans Secret System changed her life forever. It also teaches FHA, VA, Mortgages, Reverse, Morgage, Home Loan Shopping, Lower Interest Rates, Government, Fixed Loans, Short Sales, Refinance, Purchases, First time Homebuyers, Education, Credit Crunch, Neg Am, Lose House, Save House, Radio Show, www.teachmehomeloans.com
Sherry Bradley discusses the three key areas that first-time homebuyers need to know about.
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