about 29 minutes ago - No comments
Question by me: Student Loan Consolidation – if both spouses have K+? OK so I asked about the 20% plan and because we both have massive loans, the only option is to pay 40% of our income for 30 years. (20% of our combined income twice). I argued, talked to supervisors, but that is the
about 1 day ago - No comments
Question by : Can I get a student loan to pay for a home payment instead of rent? My fiance and I are trying to buy a townhouse. instead of paying 800 a month for an apartment we would rather put that money towards us owning something! Im entering the Nursing program at our local
about 1 day ago - 2 comments
Question by raven: What will happen if my credit score drops and I have a vehicle loan? I have one credit card that I charged up extremely high, and have since shut the account and I am working to pay it pack. However, I also currently I have an auto loan that I am getting
about 1 day ago - 6 comments
Question by Francis G: how helpful are student loan consolidations? my loans are exorbitant and i’m paying $ 350/month but it’s barely enough to cover my interest. i’m drowning. trying to find viable solutions. are loan consolidation companies legit? —————————————— Answer by DeanYes, most are. Just make sure that you do not end up get
about 2 days ago - 1 comment
Question by : How does a Military Home Loan work? Is it a for sure thing? My husband is in the Army National Guard and is currently deployed to Iraq. We are expecting our first child, and when he comes home we want to buy our first house! He has mentioned a VA home loan,
about 2 days ago - 1 comment
Question by Beastyt: Is their a vehicle loan with no contract and with no credit check? I need a vehicle loan so I can get mine first vehicle I do got a bad credit and I want a loan where their no contract so I can take mine time paying back. —————————————— Answer by the_unluckiestYeah
about 3 days ago - 4 comments
Question by mwright555: Will my gf’s home loan work against us if we buy a home together and she rents hers? We are looking to buy a home and rent hers till the market imroves but when we go to qualify for a loan will that work against as as far as how much we
about 3 days ago - No comments
Question by : Can I get a student loan to help pay for a cheap apartment? I’m trying to move downtown closer to my college, and if I get a cheap apartment can I use a student loan to pay for just the rent? And how would I get the loan? —————————————— Answer by slammamamaif
about 4 days ago - 3 comments
Question by kittenmilitia: Where can I get a vehicle loan with no credit check? Looking for a no credit check vehicle loan with a payment under $ 200.00 monthly. I do not expect a new car, or even a great used one, just SOMETHING. —————————————— Answer by marlena42000Try those Buy her Pay here places. But
about 4 days ago - No comments
Question by : Is it a good idea to build credit using a vehicle loan? I’m planning to buy a vehicle soon and currently have no credit history, so I am debating taking out a loan (I have my parents to co-sign for the loan) to build up some good credit. Do you think this
about 3 months ago
Honestly I would not recommend this , because if there are any errors it will be on you and you will be liable , where as with a loan officer you have company to back you up. What you want to do is find a loan officer who will not charge you more than 1 or max 2 points depending on your credit. First off , do not believe these gimmicks such as ” no cost” etc. When they say no cost for your loan , they mean that they will just get extra points from the lender. Contact me if you have further questions. Glad to help. Good luck!
about 3 months ago
Just go to a bank. The loan officer is paid by the bank. DONT DO ONLINE!!!!!!!!
about 3 months ago
Do not go to a broker. Go to a bank and deal with them directly.
about 3 months ago
you will always work with someone. Call it what you will… who cares, as long as you are getting the lowest terms and fees available!!!
try Quicken Loans, Eloan, or Choice Finance
about 3 months ago
You can refinance with anyone you choose – but be careful if your credit is low, and you shop it around and have many many ppl pull your credit.
I know you do not want to talk with a broker but a borker does many things for you and the one thing they do is go off your credit report one time.
Talk with a broker, a broker underwrites for many company’s (I underwrite for 150 companies) so I only have to pull credit 1 time, and they look at my credit. A single lender (not a broker) has programs available, but they may not be able to help you and your situation, so you go elsewhere, and than that person pulls your credit (see what I mean.) If you shop, your credit is pulled and that is considered a soft pull, for a 30 day period. Just like shopping for a auto, it is good for 30 days. If you apply for a credit card, that is considered a “hard” pull and it drags down your credit score. When looking for a home, please do not apply for a credit card, Department Charge Card, Gasoline Card or make any major purchases, like a auto, etc. This will pull your credit down.
Normally banks have more rigid guidlines, hence the reason many people need a Mortgage Broker. Good luck to you.
about 3 months ago
some times Loan officers can i get you a better price then the bank can offer you
about 3 months ago
Hello There,
First off, what you need to realize that whether your going to a bank, brokerage, or mortgage firm, whoever handles your loan process is a “loan officer”
You cannot do it on your own because there are laws prohibiting it.. It is a conflict of interest to originate your own mortgage, and no investor will lend money to you..
Even if you are a mortgage loan officer for a company, you cannot originate your own loan.. Someone else in the office has to do it in their name…
Back to the main point.. You want to cut out the middle man…
THERE IS ONLY ONE WAY TO CUT OUT THE MIDDLE MAN!!
You go to a “WHOLESALE MORTGAGE LENDER” A wholesale lender is a direct bank.. There is no middle man in the process, the loan officers at a wholesaler represent the investor directly…
Its funny taht alot of the responses here are tellin gyou to go to the bank… A bank has middlemen as well… The bank is no who is lending you the money… The “investor” is the one lending the funds..
Banks will “SELL” loans on the secondary market to the investors…
With that in mind, you need to work with a company that can give you the loan directly from the investor…
Eiterh route, you want a loan consulatant to advise you on the right program option.. The main key is working with a LICENSED loan officer.. A licensed loan officer takes classes, has at least a bachelors degree, and passes a state issued test to be able to originate mortgage loans..
It sounds like you have ahad a bad experience in the past with a mortgage laon officer.. As a mortgage loan officer of 13 years, i have heard my share of horror stories about unethical loan officers..
What you need to realize though is that NOT ALL LOAN OFFICERS ARE TRYING TO RIP YOU OFF!!
I myself for instance have a different philosiphy… I take care of my customeers so well that they refer me to their friends and family.. This is precisely why 70% of my business comes from referrals..
If i as a loan officer dont give you the best possible mortgage option, then you will be reluctant to work with me again, and especially not refer me to anyone…
Ill also poin tout that there are new laws and regulations put into p[lace on a daily basis in the mortgage industry to combat unethical mortgage officers..
Being bankruptcy;s and foreclosures are at an all time high, there are much more strict guidelines being put in place that make it very hard for the unethical loan officers to take advantage of borrowers..
I work with a wholesale mortgage lender named Treehouse Lending.. We are nationally recognized and are in great standing with the better business bureau..
If you want to work with a trustwortyh, honest, ethical loan officer that takes pride in helping people such as your self with their finances, feel free to contact me at anytime..
I can guarantee the best possible program, with the lowest rate and fees…
I look forward to your call or email!
Jason Fry
Licensed Mortgage loan officer
Treehouse Lending
312-239-7126
jfry@treehouselending.com