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Marian Said:

Where is the best place to find mortgage rates on cooperative loans in New York?

We Answered:

Here's a good site that keeps home mortgage rates up to date: http://www.whataboutloans.com/mortgage/m…

Rosemary Said:

Where can I find the best current mortgage rates, aside from Bankrate.com?

We Answered:

If you know enough about what programs you will qualify for and how much down pmt then you can poll a few brokers or banks on rough rates.
If you have no idea what programs you qualify for, then you will need to apply for a loan.

Stanley Said:

Where can I find the best mortgage rate right now?

We Answered:

The only way you will find out if your rate will be as indicated is to apply for a mortgage loan. Because an interest is advertised is not an indication that you will get that particular rate. There are many things that goes into your interest rate. Your ratios have not been established, your credit evaluated as to how you pay your current debts.

Then there is the mortgage loan program you would be approved for. These rates advertised are teaser rates and must meet certain criteria.

There are many things you should do, but the first thing you should do is contact a mortgage broker that does FHA mortgage loans and get pre-approved. This is the first step. Once you have your pre-approval then contact a real estate agent to look at house based on what you are qualified to buy.

You will need proof of income so have available pay stubs, w-2, bank statements and other items your mortgage broker will require.

He will inform you of what is necessary once you contact him.

This pre-approval will tell you the amount of house you are qualified to purchase as well as the interest rate, monthly mortgage payments and other necessary things you need to know about your mortgage.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

Carrie Said:

Where can I find the best mortgage rate for refinancing?

We Answered:

Hi there,

I hope yo havent conta ted the gentleman that seems to live overseas, and doesnt really have the concept of the english language down pact yet... Probably not your best bet...

Looks like you basically are in need of $cash$ to obviously pay down some debts... (based on your question)

So to keep it short and simple, out of the three options that you have sited, two of them are the same thing... A cash out refinance is the same as a debt consolidation refinance... A home ewuity line of credit on the other hand is a completely different story...

A home equity line of credit (HELOC) is a quick and easy way to get money out of a property... However, they are one of the worst debts for any person to carry...

Large banks will push these programs on customers for one simple reason.. They make double the interet!!!

A HELOC is basically a giant credit card secured against your home.. It shows on your credit as a "Revolving debt" rather then a "real estate debt" like a mortgage...

A "revolving debt" is the smae as a credit card, or charge card at a retail store... They are bad for your credit if you carry high balances... The average HELOC is over $20k, so your credit is sure to decrease by using a HELOC...

This is also why you always see commercials and billboards promoting HELOC's.. They say low to no costs, etc. There is a reason they want to give you these loans for free... They make double the intere3st because a HELOC IS COMPOUNDED INTEREST (same as a credit card)... (not like simple interest on a mortgage or car loan)

So, if you need cash to pay debts, home improvemets, etc. i always suggest to refinance the mortgage and take out what you need...

I would be happy to assist you with any further questions, or even help you with the loan process if need be.. .I work with providential Bancorp, we are a nationwide mortgage lender...

Feel free to call or email me at any time!!

Jason Fry
Licensed Mortgage Banker
Providential Bancorp
jasonf@providential.com
312-264-6448

Dolores Said:

How can I find the best Mortgage Rate on a 30 year fixed loan? Lender could be out of state for MA.?

We Answered:

This is a non biased service for finding rates on mortgages, CDs, credit cards, etc.

Claude Said:

What's the best way to find the lowest mortgage rate possible after getting an accepted offer?

We Answered:

don't be fooled into rates keep your eyes on the finance charge look at how much it is costing you to borrow the amount you need to purchase the home ask your bank how much will it cost me to borrow the 150,000 or whatever the price of the home is that is where u do your bargaining if you are a first time home buyer it is likely they will give you a 30 year fixed make sure it is fixed call a primerica rep to sit with u on the closing notice i did not say a layer because they have no idea about mortgages.read and understand your truth in lending federal truth in lending will let you know the real truth about your mortgage please read it carefully.