Best place to look for a low cost mortgage?

[DSL_PWR]

Actually, inform whatever company/broker that you CAN go with your builders lender and save $xxxx.. See if they can match it and if not see if the interest rate over the term of the loan offsets or beats the amount you would have saved going with the builders lender. That's what I did.

Builders lender was at 4.5% with $3k in closing savings. We ended up saving on back end by going with another lender at 3.725% and that alone will save my almost $45k over the life of the loan and my broker actually kicked in a few grand for a few referrals..

[PedroMartinez]

After dealing with a mortgage broker, I'd go with a mortgage broker.

I had a neighbor who was one, but I did my own thing shopping around. I had hard rates from my bank and two other lenders. My old neighbor talked me into letting her shop for my mortgage, and she got me a lower rate from my bank and the other two lenders I had quotes.

The money I saved with the lower rate she got me from my bank erased her fees in the first year or two.

After my experience, I recommended a friend use a broker, and he had the same experience. His broker was able to get him a lower rate that was made up for the fees pretty quick.

Maybe others have had a different experience, but this was mine.

[rkumar85]

I have been reading too many bad reviews about quickenloans and lendingtree. I am starting to hate internet freedom because anyone can write a good or bad review without even experiencing something with the lender. What do y'all suggest about the lenders on Bankrate.com?

[tstone]

We went the credit union way... the one that is available to me because I am an employee of X. The entire process took about 25 days during the real estate frenzy nearly 2 years ago. Rates and closing costs were lower than average and although I didn't need it, their guidelines allowed for a larger-than-standard debt ratios as well.

[allen3iverson]

You can contact Lavender at Top One Mortgage, They has pretty good mortgage rate and low closing cost, you can give a try and get a quote to compare with other options, here is her email: minl@toponemortgage.net

[theking_z]

Originally Posted by tstone

We went the credit union way... the one that is available to me because I am an employee of X. The entire process took about 25 days during the real estate frenzy nearly 2 years ago. Rates and closing costs were lower than average and although I didn't need it, their guidelines allowed for a larger-than-standard debt ratios as well.

Did the same, went with my employer's credit union, and got a great rate and lower closing cost. I think credit unions are less pressed for making money and can offer a better deal. Not to mention, employment verifications and other relevant stuff was much easier as well.

[slbnoob]

Originally Posted by allen3iverson

You can contact Lavender at Top One Mortgage, They has pretty good mortgage rate and low closing cost, you can give a try and get a quote to compare with other options, here is her email: minl@toponemortgage.net

I have also dealt with Top One Mortgage when I was buying and now when I'm refinancing. Lowest rates/costs I could search myself. My loan officer was different though.

[Annquist]

Just had multiple offers off leading tree last week for the house we are purchasing for 3.25 percent