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Lender Mortgage Rates

Jesus Said:

Is there a mortgage lender in Illinois that will do a legitimate 125% LTV mortgage with reasonable rates?

We Answered:

Highly doubtful. You will pay in rate.

Caroline Said:

Does each lender pull your credit when scoring you for mortgage rates?

We Answered:

Yes

Lois Said:

How do I decide which mortgage lender to use (interest rate) - not closing on the house for two more months?

We Answered:

If you can get 6.38 right now on a fixed, just lock it and go with who you know. It's a good deal and it'll give you peace of mind. You can shop as long as you want, but if you are comfortable with the folks at the credit union and the rate, stay there. It's a good deal, and you'll find after shopping that you're not going to get much better, if at all.

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