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Brad Said:

Best Mortgage company for first time home buyers in Central Ohio?

We Answered:

yes go to lendingtree.com and they make finance companies compete for your loan and this normally results in low interest rates allot of companies have really good deals for first time buyers so be sure to ask about them also dont forget you get the tax credit next year of 8900.00 dollars if you buy this year hope this helps ya

Ryan Said:

What are the best mortgage company to apply to for first time buyers?

We Answered:

It depends on your concerns. If you don't have money to put down and your credit is a little shaky, FHA has the lowest requirements, but the loans cost more to originate, and they have mortgage insurance, no getting out of it.

If you have more money to put down and can verify job & income, have a high credit score you can reduce your costs. Ask homeowners you know and trust if they can recommend a loan officer that will treat you honestly and fairly.

Jared Said:

Do you think a 2nd mortgage company would agree to a short sale?

We Answered:

You might have some leverage. A second mortgagee (lender) is unlikely to foreclose because they would have to assume the first mortgage. All you can do is ask, but unless you are in default they probably won't talk to you.

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Ricky Said:

I need payment protection for my first mortgage. Can you recommend a company?

We Answered:

Unless one has insurability problems, mortgage insurance is not the best option. Mortgage protection is actually a decreasing benefit term policy, typically priced several times higher than one could purchase a level term (fixed premium for a fixed death benefit) coverage. See a local agent to compare prices.

Of course, if your life insurance need may go beyond simply guarantying your mortgage payment, you need to plan for it as part of a comprehensive financial plan. This probably being the case, you need to consult with a qualified financial advisor or planner. Generally speaking, unless your life insurance need is very specific, NEVER buy life insurance from an insurance agent. They are salespersons, not financial professionals.

Marian Said:

Is anyone familiar with the online company First Preferred Mortgage?

We Answered:

Never heard of them. When you say she's gotten a good rate, what do you mean? Was it a quote or has she actually signed pre-qualification docs and she has confirmed that her rate is locked? If so, how long is the rate locked for? Has the appraisal been ordered if it's a refinance, or is the purchase contract in if it's a purchase? Has she been pre-qualified, meaning that the file has preliminary underwriting findings from either fannie or freddie? If she cannot answer any of these questions firmly, proceed with caution, you can be promised the moon, just make sure she's not reaching through mud first, good luck and feel free to ask questions

Kurt Said:

Do I still own the house for the second mortgage, but the first was foreclosed?

We Answered:

* The mortgage really has nothing to do with the house other than as collateral. The mortgage is a contract between you and the lending company. They lent you $$ - you pay it back with interest. The 1st morgagor took the collateral. The 2nd will hound you to the grave for its pound of flesh.