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Suzanne Said:

What lenders only use Transunion credit scores when rating people who want to refinance their home mortgage?

We Answered:

As credit scores have become the predominant decision making tool in the mortgage industry, I have not run across any of these companys. You are corrIect that the norm now is the middle of three or the lower of two. The country is broken up into regions where one of the three bureaus would be the predominantly used by creditors in that area. Daily I see bureaus where the low score could be in the 500's and the high in the 600's, over a 100 point difference. The mid-score gives a better picture of the credit worthiness of a potential borrower.

Your best bet would be to contact several brokers in your area and ask them if they have any lenders that use only the TU score.

Andrew Said:

What are the differences between going to different lenders for a Mortgage refinancing?

We Answered:

I agree with above answer.. You should find a good mortgage broker.

The mortgage broker must be affiliated to many lending institutions and should be licensed.
- The mortgage broker should be working at a reputable institution. The name of the company could be checked at the Best Business Bureau or the Chamber of Commerce.
- The mortgage broker should provide you with the names and contact numbers of people who can be contacted for credibility check.
- The mortgage broker should ask you what you want on your loan. He must ask you questions rather than on giving you lots of facts. He should prioritize what you need and should come up with ways to fit this with various deals available in the industry.
- The mortgage broker should have with him various lists of deals that he can offer. This is a good quality because if not, you might get the best deal.


Getting a good mortgage lead on internet
http://www.my-infoworld.com/mortgage/Mor…

Melinda Said:

does anyone know of any mortgage lenders that will refinance our home even if we have been in a forclosure in?

We Answered:

Find a mortgage broker in your area. They group several people together and approach a bank to take all at a negotiated rate. This helps when your credit rating isn't the best.

Carol Said:

I have a high debt to income ratio. Are there any mortgage lenders that I could refinance with?

We Answered:

That is very high and basically if you could refi your rate would probably be about the same. Have you talked to your current lender about a refi wth them?

Based on whose appraisal is the property worth 350K?

Tommy Said:

Will lenders bid for my mortgage refinance?

We Answered:

Why not try Lending Tree?

The reason someone isn't looking for you to refi your loan is they have no idea you want to. Lenders aren't mind readers...and I would imagine lenders these days have their hands full as it is working with their loss mitigation depts. LOL

Stacey Said:

Who can we trust to refinance our home loan with? Too many scams and crooked mortgage lenders these days.?

We Answered:

Stick to local lenders, ones with offices that you can meet.

Your bank or credit union is your best bet.