NLIC.org

Perry Said:

Can a declining market designation affect your mortgage interest rate?

We Answered:

You are correct it does affect the loan to value ratio which in turn affects the rate. A loan at 95% of the appraised value is a higher risk then a loan at 90% so it warrants a higher rate.

Dwayne Said:

Is it a good idea to deal with an "Out of state" mortgage lender?

We Answered:

Unless you use a little local lender or bank, they're probably going to be "out of state" in some respect. I work for a very big lender, and we do loans all over the country, but we do most of the loans on the phone. Even if you apply at a banking center, processing is some where else, so the location is kind of moot.

On the other hand, I'd be very hesitant to use a lender I've never heard of no matter what the BBB thinks. Some lenders are fly-by-night, some are predatory...I'd chose a lender I've heard of before and that some people I know have worked with happily.

Justin Said:

Can someone recommend a good mortgage lender in Chicago also advice please?

We Answered:

you should check out Metro Mortgage Services, they are based in palatine, Il, its in the northwest suburbs. they specialize in sub-prime loans but can get any loan done.

Joan Said:

What is the Main Objection to the Public Option in Healthcare Plan?

We Answered:

This administration hates free enterprise and, since day one, has been trying to destroy it piece by piece. In the past, the anti trust laws would have dealt with enterprises who were deemed "too big to fail". This administration wants one insurance company, Uncle Sam. Everything they are doing right now is meant to lead to that. They don't care how much misery they cause until they get to that point. These people are extremely manipulative and care nothing about the truth.

Derek Said:

Where can I obtain a 1st time mortgage loan but with terrible credit and good income in Chicago?

We Answered:

freecreditreport.hotusa.org - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.

Tiffany Said:

Did Obama cause the mortgage mess?

We Answered:

No, he did not. The effort you memtion is a drop in the bucket compared to the big houses that white people bought and now cannot pay for.