Why Should You Apply With One of Our Recommended Lenders?
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Here are some factors to compare when comparing quotes from a mortgage broker:
Is The Broker Ethical? – Does the broker seem to be considering your best interests? Watch for red flags of predatory lending practices, for example, a broker who tries to fit you into a home that you can’t afford or a broker who asks you to falsify information on your mortgage application.
Compare Loan Terms – The mortgage loan with the lowest interest rate is not necessarily the best deal. Consider factors like, payment terms, adjustable or fixed rate. Is there a pre-payment penalty on the loan? A prepayment penalty is one factor that many borrowers miss when evaluating a mortgage loan.
Recommmended Mortgage Lenders:
Lending Tree
- Bad Credit OK
- Purchase, Home Equity & Refi
- This company provides up to 4 loan offers from one application. They provide quick approvals and are one of the largest loan companies on the web. We recommend applying here first.
I’m attempting to get a mortgage with BofA.The property is located in Burlington City, NJ. The listed price is 49k. During the mortgage process I was laid off from my job. However I do receive income in the form of a pension, which is well within my budget to repay the loan.
I now feel that I’m getting the run around from BofA. My credit score is listed in the 700 range.I’ve thirty days to get this done.Im trying to avoid a lot of inquiries on my credit report. Which as you know only make your score go down.My APR as quoted by Bof A is 4.85%.I’ve the necessary amount for closing.
I’ve paid for inspections, pest control fees, appraisal fee etc;
Any assistance would be greatly appreciated. Even if its only to give me a list of lenders.
Thanks