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How To Find A Mortgage Lender
Sara Said:
how can i find a realtor that works FHA loans?We Answered:
FHA loans are traditionally for people who have less than excellent credit. If you have good credit , check out some conventional loans. They are better in most ways. ( i have gotten 2 FHA loans in my life so i know they aren't terrible, just not wonderful).The best lenders charge the least in fees, the lowest interest rate, close on time, don't surprise you by saying "There is a tiny problem" 3 weeks into the purchase. But how do you find them. Every realtor has a favorite but is it because the lender is wonderful or???
Lorraine Said:
How do I find a good mortgage lender?We Answered:
The problem is that it is a rental property! VA does not do non-owner occupied, nor does FHA. Conventional will with higher credit scores (740) but not at the loan to value that you need. Rental properties max out at 75% L.T.V. which you need more than that. Sorry!Gregory Said:
How can I find out who the mortgage lender is on a particular property ?We Answered:
The Land Registry records (there is a charge to obtain them) show who has a charge on the property.