I'm looking to buy a house and need mortgage info....?
543377
There are many nonprime lenders who will do 100% financing without PMI.  These lenders buy the PMI themselves and you effectively pay for it through your interest rate.  The good news about this scenario is that all of your mortgage payment is tax deductible (whereas PMI payments you make yourself are not).\n\nThere are a lot of mortgage calculators out there that can help you figure out loan structure scenarios.  I suggest using those found at many websites including those you can find on Yahoo! http://realestate.yahoo.com/calculators/\n\nGood luck!
360151
I would find two or three mortgage brokers in your area.  Only have one pull your credit and send it to you.  Make sure you are comparing apples to apples though.  A great way to do that is to see what commission the mortgage broker is making.  (Make sure they include the YSP.)  The average commission in the US is 1.7% -ish  That should give you something to base your decision off of.  Good luck.
172473
Not sure who the expert is.  If you are looking for mortgage information, here is a good glossary:\nhttp://www.regionalmortgages.com/terms.html
873720
Just phone up any mortgage company and ask them. If they don't do it themselves they might know who will.\n\nJems xXx
63709
For advertising your mortgage business check out RegionalMortgages.com  They have a national directory of local mortgage professionals.  Get listed there.  Cheap compared to other ads I've seen.
455420
A common misconception when buying a home is that you are supposed to contact the Realtor 1st.  Unfortunately, even Realtors will tell you this.  THIS IS NOT TRUE!!!  The Realtor does not negotiate the interest rate with the bank.  The Realtor does not do the paperwork with the bank to get you pre-approved.  The Realtor does not have discussions with the underwriter to plead your case....etc...etc...etc...  The mortgage company does these things.  The Realtor does not.  Please do not contact a Realtor for a mortgage, please.\n\nAs far as getting pre-approved and what you need, please contact me and I can get you pre-approved in a matter of 24 hours or less.  Contact me at timothy.kazee@americanhm .com and we can talk.  See ya soon!!!!
165306
The non-profit site Bankrate.com has lots of great financial info and advice on all sorts of things from investing to real estate to banking and credit debt counseling.  I used it extensively during my house-buying process.  There are calculators that are quite useful.
650232
Talk to a mortgage broker. I can help you find one if you want, just email me. What state are you in. I am licensed in quite a few.
322201
Depending on the type of loan you need for your new home, you need to have a DTI (debt-to-income ratio) between 45-50% opn average for a purchase. It makes sense to refi your home to ensure you are prequalified to purchase the new home. It is difficult for a mortgage broker to provide you with a preapproval letter (usually required by a Realtor to prove to a seller that you are a ready-willing-able buyer) unless you meet this DTI guideline.  However, ask what your DTI is and ask that to see it on the application. Worst-case-scenario (although unlikely) and if the mortgage broker is unscrupulous and your DTI is fine, they could be trying to get two deals out of one.  It is very common to recommend a refi prior to listing your home for other reasons as well - for example if you find your dream-home and you put in an offer, but your current home hasn't sold, your purchase offer will have to have a 'contingent upon current sale' clause. This could become a heart-breaking 'deal-breaker' if your home doesn't sell before the offer expires. A seller cannot be expected to hold the sale for you, while you are waiting to sell your home. Also, it is good to have the cash from your refi in the bank (or better yet, invested) as 'reserves'. This makes a lender feel more confident in lending you money for a hew home, because the extra cash removes risk by showing you could cover your new mortgage payment if for some reason you were to become unemployed. I hope these three reasons help you become more confident with your broker. I know it is scary for everyone, and the media only makes it more confusing for consumers. I commend your questions!  Keep asking, information is free!
964260
Go to www.fanniemae.com to get started.  Also check out the FHA (Fair Housing Association) website.\n\nAnd check out my website to get a better understanding of mortgage before you do anything!\n\nLearn more at http://www.thetruthaboutmortgage.com
565905
If you're a mortgage loan officer looking for lenders your best bet is the Scotsman Guide.  They a great search engine on their site, www.scotsmanguide.com
576019
I think you have a lot to take into consideration here. First and foremost you should know how your credit report looks if you have a spouse you'll need his too. You'll also need W2's from the last 2 years from your job,tax W2's will do, proof of income and earnest money to put down when you sign a contract at least but no more than $1,000.00. The most important thing to look at right now is the interest rates. The better your credit the better the rate you'll get. Please go to a local bank or other surrounding banks and see if they could lock in a low interest rate for you why you shop around. They don't have to know exactly when you're going to buy. When buying your home always ask the seller to pay for your down payment and closing costs. The way to do this is to give him or her close to the asking price when you bid and stipulate in the contract that they are to pay your down payment and closing costs. Usually if they are getting close to full asking price they'll take the offer because they were leaving room to come down anyway. When looking at homes don't show to much emotion especially if you really like a house because if you do they'll know you really want it and they may not be willing to negotiate with you. Showing a lack of interest while your in the home is always better, even though you're dying inside to make an offer. It'll be in your best interest to wait till you talk to the realtor if you choose that route to show your enthusiasm. You can always buy a forsale by owner home too! It's less complicated and easier all the way around. The seller will and should be the one to get the lawyer to handle everything. This is quite simple, because you can call the lawyer and see how everything is going to. They do the appraisal, title search, closing and anything else that needs recorded and done. Before you know it you'll be sitting in your new home. I'd start now so you have everything in order. The loan already approved is the most important thing of all. Ask some people who have mortgages with banks not mortgage companies for referrals. Mortgage Cos. have a lot of hidden fees that you have to pay where as a bank doesn't. Good Luck...Happy House Hunting.
576403
Definitely get an attorney as there is a ton of paperwork, much of which will make no sense at all (earnest money, title insurance, inspections, closing costs, blah blah blah).\n\nCheck out www.zillow.com regarding pricing of the house. It is a great website. Just type in the address of the property you are interested in and there is a ton of information available (for most cities anyway).\n\nShop around for the best mortgage rate. It probably doesn't really matter which one you choose, just get a good rate. Watch out for the creative financing schemes available these days ... ARM's, reverse mortgages, etc are all time bombs. Beware!\n\nAlso, consider using an agent, because the seller pays the commission. If you aren't using an agent, use that as a bargaining chip with the seller and get the agent's commission knocked off of the price! Good luck!
137388
I just did this recently! I will be first to tell you it is not as scary/stressful or hard as some will tell you.\nFirst find a mortgage broker. If you can find one like our guy, you're good. You give him your info, (name, social security number etc.) We told the broker that we wanted to know EXACTLY how much money we would be approved for prior to looking for a house.That way we weren't looking at stuff we couldn't afford.\nHe called us and gave us our amount and told us to go find a house.he also suggested a real estate agent, which we made an appointment with.\nMeanwhile we looked online and got those real estate books you see everywhere. We found a house on our own prior to even meeting the agent and when we went to see her it wasn't one of hr houses but she called the agent that did have it listed and we went and looked at it.Said we wanted it, and then the agent and the broker did the rest of the work and all we had to do was keep checking with them , calling them to see what the next step was.Most agents/brokers know you are a first time buyer and will help you along in the process, they know how hard things can be. Although , the hardest part is actually finding a house you want. If you have a spouse, you'd be amazed at what you 2 will argue about.(my husband got all annoyed with me when I said I wanted something that was already wallpapered- and he wanted painted walls because wall paper peels-whatever- that's just how stupid it can get)\n1 month later we bought it and moved in for around 400 dollars.We don't have the greatest credit in the world either. To break down house hunting here you go:\nLook within your price range.\nget a real estate agent who will ask for the world. You want the seller to pay closing costs. \nIf it's you by yourself buying, or with someone else, then sit down and decide EXACTLY what you NEED in a house.What you want, and what you can live with/without. This will be your home for a while you are going to want to have certain things when you are paying that kind of money out.\n\nMy husband could not live without a garage.I wanted a 2 story, and we both knew we did not want to live in a subdivision. Not only did the house we pick have a 2 car garage in the front of the house, it had a 2 car outbuilding/garage in the back, a hot tub, and a playhouse in the backyard that looks exactly like the real house.\n When I say get an agent who will ask for the world, I mean just that. This house did not come with the playhouse,and they wanted a certain amount for it, we offered about 20,000 less than what they wanted, and told them we wanted the playhouse, and we also wanted them to leave the fridge, stove, dishwasher, and an upstairs airconditioning unit, not to mention we wanted them to pay all of the closing costs. of course they said "no" but they didn't just say no flat out, they said "we want what we asked for the house, but we will let you keep all the things you asked for, plus the playhouse and we will pay 80% of the closing costs." We tacked the rest of the closing costs onto the mortgage and we were good to go.\n\nI know you probably don't live in my area, and I am not sure how the schemantics of it work, but if you are interested in knowing the name of our broker, he'd be happy to contact you.He asked us to put his name out there and he is relatively new, so he is anxious to please. Of course I'm not giving you his name on here but if you are interested drop me a note, by editing your question and saying you are interested in who he is.\n\nItried to email you but no luck, email me if you get a chance, and I will give you that.
781800
Look around and find a home mortgage consultant. To find one that you like, I'd suggest trying your usual bank, and asking your friends, family and neighbors. If you happen to know a realtor (if you've already found one you like), ask them for recommendations. I also recommend that you  bring a notepad with you when you talk to the lenders. There is a lot of terminology that can get very confusing when you're just starting the process. I really hope this works out for you! Good luck =)
623420
Your best bet is to visit a local mortgage broker.  If your credit is shaky they have more options.  If your credit is great, they will compete as much as they can with your local bank on rate and fees.  \n\nCheck out my new blog on mortgage brokers:  http://explaintome.blogspot.com
467046
Not a problem:\nhttp://www.mortgage-calc.com/\n\nQuick, easy calculator