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Mattie Said:

What is the best way to get a good mortgage rate in California?

We Answered:

I like that your asking about a good mortgage... not the BEST. There is no BEST out there. If your friend likes the rate (more importantly the payment) then he should be ok.

Find a loan officer you like and can trust. When you get the good faith estimate keep in mind that the items from the loan officer are going to be:

Origination, Mortgage Broker Fee, Processing, Credit Report and if they are sneaky an application fee.

Most of the items the loan officer discloses to you are in fact 3rd party fee's and in reality we have little control of this... Especially with a purchase since many of the service providers are picked by the agents.

Appraisal, tax service, underwriting, title/escrow, notary, doc prep etc... Also taxes and insurance.

Expect title and escrow to cost a pretty penny. Keep in mind that the companies that are used are typically picked by the agents but it is a negotiable item in the contract. If you shop around you maybe able to find better pricing. Make sure it is better for both you and the seller or the seller most likely will not be willing to change companies.

Regarding the rates... depending on the loan amount, credit, documentation etc... they may be great or they maybe on the high side. Without knowing the scenario it is hard to tell if the pricing is right in line; however 6.25% is not a bad rate.


Good Luck

Kevin 866-562-6838 x 106
kruorock@firstratelending.com

Brett Said:

How can I shop for best mortgage rate without paying the application fee each time?

We Answered:

An application fee is crap, typically a reputable lender will not charge this fee. I strongly suggest you stop using internet lenders and toll free numbers. Contact local lenders and I suspect you will not have to pay to kick the tires.

Be sure to compare more than interest rates, ignoring potential closing costs could cost you thousands.

Ask to be pre-qualified (so you know to what amount you could potentially spend), the interest rate you can expect, estimated closing costs and potential monthly payment. Know your budget, if you can afford about $1,000 a month, do not lock yourself into a $1,500 a month payment because a lender said you were pre-qualified for that amount.

Lester Said:

What is the most realistic best Mortgage Rate you can receive now?

We Answered:

I have recently been getting my some of my clients around a 5.875% 30 year fixed interest rate, but it all depends on their situations. I am a national mortgage broker, working with about 150 lenders on the wholesale side, but you may be able to find one locally that would be able to get you similar interest rates if you feel more comfortable working locally.

But in order to give you a more accurate quote, I would need more information. How much do you make? How much is the home you are looking to buy? What does your credit look like? Do you have 12 months of rental history? of work history? How much are you putting down on the home? These are a few of the questions that I would need the answer to.

If you have more questions, or would like some more information, email me or check out our website.

Baconshmals@yahoo.com

http://aapexfund.com

Pauline Said:

What's The Best Mortgage Rate In Massachusetts For 30 Yr. Fixed?

We Answered:

The state you live in doesnt really affect the rate but it will affect if there are things such as pre-payment penalties, and other loan specific. Rates are determined by the Federal Reserve and are based on economic conditions too complicated to explain in a response like this. But if you are looking for the best rate, service and loan options feel free to log onto my company site http://justgetaloan.net/. You can get a pre-approval within hours. Also fee free to contact me Jenold Freeman direct at 866 530 7300 ext 7305 or by email at jfreeman@justgetaloan.net

Isaac Said:

What is the best Refiance mortgage rate now?

We Answered:

do not worry what we tell you do it just like if you were buying a car shop around!!!

Lloyd Said:

I want to refinance What is the best mortgage rate available?

We Answered:

I just closed my refi for 20 years at 4.25%. I have a very high Fico also. Rates are starting to go up. You can find ther rates on line from several different sources. Use a search engine.

Here is a good one. Please note I am not endorsing google. This site just shows actual comparisons without entering personal info.

https://www.google.com/comparisonads/mor…

Ida Said:

What is the best available mortgage rate available to canadians right now?

We Answered:

Currently 5.05% or 5.09% fixed 5 year rate.
The last two times when I renewed with my bank (TD canada trust), I used canadamortgage.com and a couple of other local mortgage broker sites to get their best rates and then asked and got my bank to match their competative rate. If your bank won`t match, use a local mortgage broker for your mortgage.