NLIC.org

Barbara Said:

I want to ask my mortgage lender for a home loan - need some advice please?

We Answered:

Hi
I saw your question I have decided to help people out due to the fact that I myself has been scammed twice by fake lenders in my search for a loan but at last I got a reliable lender that gave me the loan($60,000 USD) that I was in dire need of even with a bad credit. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address charles_lenders@yahoo.com Please tell him that Deborah Kirk he gave out a loan to me even with a bad credit. I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.

Thanks.
Deborah Kirk

Beatrice Said:

Is it wise to apply for a Home Equity Loan from the same lender as your Mortgage Loan?

We Answered:

With a HELOC you are almost always best served to go to your local bank where you do your normal checking and savings. They will typically do a HELOC for no cost and at the lowest rates. If you go to a broker- and I am one- we don't make much money on HELOCS so we have to charge you higher points to make any money on them. That has to be worth something if a broker is telling you to go to the local bank...

Rebecca Said:

Can I present Terms and Conditions (T&C's) to a Mortgage Lender when requesting a Home Loan?

We Answered:

It's called the "golden rule" - he who has the gold makes the rules.

Steven Said:

Is it going to get harder to get a home loan? with the government shutting down mortgage lender Indy Mac?

We Answered:

I really don't think so, countywide go lucky with B of A taking them over, but now B of A has a whole bunch of bad debt on their books that they need to deal with, they may tighten their standards and be more picky about who they lend to. If the Fed bailed out bear stearns, there is no possible way they will let fannie and freddie fail, they are much bigger entities in the financial system and no lender has the capacity to help them out right now. In general, it is harder to get a loan, and rightfully so. Money was available and everybody got greedy, now it's time to pay the piper. Why give individuals false hope by forging docs and bolstering income, I'd much rather see someone not get approved than have them go through foreclosure or bankruptcy, to me it's morally wrong