Comments on: How do I choose who to get my mortgage through? Major banks or smaller mortgage companies? http://411mortgagefaq.com/personal-finance/how-do-i-choose-who-to-get-my-mortgage-through-major-banks-or-smaller-mortgage-companies/ mortgage faq - answers to your mortgage questions Sun, 04 Jul 2010 09:05:51 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Martin http://411mortgagefaq.com/personal-finance/how-do-i-choose-who-to-get-my-mortgage-through-major-banks-or-smaller-mortgage-companies/comment-page-1/#comment-443 Martin Tue, 29 Dec 2009 21:25:54 +0000 http://411mortgagefaq.com/personal-finance/how-do-i-choose-who-to-get-my-mortgage-through-major-banks-or-smaller-mortgage-companies/#comment-443 <a href="">WINSTON</a> I would be more than happy to help you obtain your mortgage. I am a mortgage broker. Email me, and let's discuss your loan options! M I am on line now! WINSTON

I would be more than happy to help you obtain your mortgage.

I am a mortgage broker. Email me, and let’s discuss your loan options!

M

I am on line now!

]]> By: acermill http://411mortgagefaq.com/personal-finance/how-do-i-choose-who-to-get-my-mortgage-through-major-banks-or-smaller-mortgage-companies/comment-page-1/#comment-442 acermill Mon, 28 Dec 2009 06:09:12 +0000 http://411mortgagefaq.com/personal-finance/how-do-i-choose-who-to-get-my-mortgage-through-major-banks-or-smaller-mortgage-companies/#comment-442 <a href="">ESTEBAN</a> Understand that smaller banks write loans just as do mortgage brokers. Shortly after you take the mortgage, it will be sold off to another mortgage company. If you want to keep that loan 'in house' expect to pay higher interest rates. In any event, once you take a fixed rate mortgage, the contract is guaranteed at the rate and terms specified in the mortgage contract, no matter in whose hands it ends up. The idea is to shop for the best rate and terms you can find. It makes no difference with whom the contract ends up. Be very careful, however, of suspicious low rates. You may well find that such rates require you to pay 'points' upfront to get a lower rate. Check all the fine print, including all origination fees. ESTEBAN

Understand that smaller banks write loans just as do mortgage brokers. Shortly after you take the mortgage, it will be sold off to another mortgage company. If you want to keep that loan ‘in house’ expect to pay higher interest rates.

In any event, once you take a fixed rate mortgage, the contract is guaranteed at the rate and terms specified in the mortgage contract, no matter in whose hands it ends up.

The idea is to shop for the best rate and terms you can find. It makes no difference with whom the contract ends up. Be very careful, however, of suspicious low rates. You may well find that such rates require you to pay ‘points’ upfront to get a lower rate. Check all the fine print, including all origination fees.

]]> By: V(^_^')V http://411mortgagefaq.com/personal-finance/how-do-i-choose-who-to-get-my-mortgage-through-major-banks-or-smaller-mortgage-companies/comment-page-1/#comment-441 V(^_^')V Fri, 25 Dec 2009 04:58:00 +0000 http://411mortgagefaq.com/personal-finance/how-do-i-choose-who-to-get-my-mortgage-through-major-banks-or-smaller-mortgage-companies/#comment-441 <a href="">KEN</a> definitely go with the smaller banks or credit unions. they usually offer lower rates. if they do go bankrupt, other banks and lenders will take over your loan. the rate will usually stay the same. KEN

definitely go with the smaller banks or credit unions. they usually offer lower rates. if they do go bankrupt, other banks and lenders will take over your loan. the rate will usually stay the same.

]]>