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home loan deal FAQ
A good deal to me would be prevailing interest rates and low fees. Fees can vary greatly so you really have to look at those. I would try and credit union in your area and see what they can do for you.
not sure where you are when posting;
what did your bank say?
what did the local mortgage company say?
use no one else for a loan on RE
[there is no such thing as a loan consultant--only mortgage brokers and
Best home loans are easy to get if you know where to look. Home loans with low interest rates can make a sizeable difference in your savings, both on a long term and short term basis. However in order to get the best interest rate on your new home loan,
Make an apt with a loan officer at Citi and talk to them. Ask them about what deals they can offer you for the loan and if you would qualify. Also be sure to ask if you qualify for specific loans with discounts like first time home owners.
home loan deal news
Jobs at risk in HSBC deal
Up to 200 employees of HSBC Mortgage Corp. in Depew could lose their jobs early next year, after HSBC Bank USA agreed Monday to transfer its retail mortgage processing and servicing operation to industry giant PHH Mortgage Corp.
Under the agreement, which is effective immediately, PHH will manage HSBC's back-office mortgage business, processing new mortgage applications and servicing more than $51 billion in loans. That includes both the bank's prime mortgage loan portfolio, totaling $15.5 billion, as well as a separate $36.6 billion portfolio of loans that HSBC has been servicing for other lenders.
Source: Buffalo News
Mortgage loan officer licensing has reduced choices for Ohio consumers
CLEVELAND, Ohio -- A decade ago, Ohio had an estimated 12,000 mortgage loan officers who didn't work for banks. Now, there are fewer than 3,000.
The eye-popping decline started because, 10 years ago this month, Ohio began requiring loan officers to pass criminal background checks. That swept thousands out of the industry. The financial crisis of 2008-09 squeezed out thousands more.
Source: Plain Dealer
Why every entrepreneur needs a mortgage broker
Source: Dynamic Business