NLIC.org

Benjamin Said:

Where to find reasonable mortgage rate?

We Answered:

With a credit history as you indicate you possess, you will do just as well with any local mortgage broker or bank. Do your homework and shop around. There's more to it than the interest rate, such as origination and other fees.

If you are looking to PURCHASE rather than re-finance, I definitely recommend a local broker or bank. I have dealt with a few homebuyers who have done 'online mortgages', and most have been a total disaster.

Loan docs incorrect, not on time for closing, etc. When the customer called about the problem, the usual answer was "Sorry, but you will just have to delay your closing until we get it done and FedEx'd to you.

That does not work well when you have a specified closing time and the seller is waiting for HIS check to move to close on his NEW house. Beware.