I am a first-time buyer and I want to find a good
mortgage lender that will work for me, not against me
I have spoken to 2 already, and they seem to have
a large range in price for the same property…I dont
want to get taken
If you are not impressed with the first 2 quotes you have, get a couple more. Ask family, friends, co-workers, etc… who they have used in the past and how their experiences with those companies were. Look up the companies on the bbb.org or ripoffreport.com to see if there have been any complaints against the companies that you are considering doing business with. Once you get to the point of having 4 or 5 quotes you should have a fairly good idea as to how much everything is going to cost you. If one quote of the bunch is way less than everyone else, then chances are they are just trying to get you interested and then the numbers will change in the end. Best of luck and if you need a reliable person in New York I do have some colleagues in the mortgage industry that do a great job in the state of New York. If interested email my email in my profile.
know of a good mortgage lender in new york?
Leave a comment
INDYMAC BANK is extremely reputable. ask for michael argano is a great mortgage banker and will get you the best deal possible. they have agreat reputation check out indymac.com for more information.
References :
If you are not impressed with the first 2 quotes you have, get a couple more. Ask family, friends, co-workers, etc… who they have used in the past and how their experiences with those companies were. Look up the companies on the bbb.org or ripoffreport.com to see if there have been any complaints against the companies that you are considering doing business with. Once you get to the point of having 4 or 5 quotes you should have a fairly good idea as to how much everything is going to cost you. If one quote of the bunch is way less than everyone else, then chances are they are just trying to get you interested and then the numbers will change in the end. Best of luck and if you need a reliable person in New York I do have some colleagues in the mortgage industry that do a great job in the state of New York. If interested email my email in my profile.
References :
http://www.gofirstsecurity.com/Purchase/first_time_home_buyer.htm (first time homebuyer information)
http://www.gofirstsecurity.com/Purchase/mistakes_to_avoid_when_buying_a_home.htm (mistakes to avoid when buying a home)
Well I am a broker in New York, I can help you shop for rates if you want. If you don’t want to go that route, remember the best rule in lending is to shop around, if you don’t have knowledge about the industry, find a broker you can trust and than have them do the legwork for you. Oh and since you are in New York, check out http://www.sonyma.org it’s a new york state government program that can really help you out on first time home purchases.
References :
scornwell@newworldfederal.com
Ask friends and family for recommendations. If you don’t get any, talk to a couple other lenders in your area. Get a truth-in-lending good faith estimate of closing costs. Compare more than just interest rate, there can be a multitude of fees attached to any mortgage. Ask about pre-payment penalties, so if you want to refinance or sell your home, you won’t get any bad surprises.
Being an informed lendee is the best way to avoid mortgage regret.
References :
Oregon Realtor