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Personal Finance and Investing

Desert grandma

(1,059 posts)

13. Another suggestion is to check with credit unions.

Reply to Takket (Original post)

Tue Nov 30, 2021, 01:58 AM

Nov 2021

Our credit union does not sell its loans and also services them in house. I like knowing we can actually make an appointment and meet with a person if we encounter a problem, rather than have to deal with a far away call center. Our credit unions also had the best rates. Loan costs were rolled into the loan, but its important to compare those loan costs because they are not the same. Good luck!

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Applying for a mortgage [View all] Takket Nov 2021 OP

Do you have an real estate agent? multigraincracker Nov 2021 #1

not yet but i don't want to be blindsided by anything........ Takket Nov 2021 #8

Yes get preapproval. we can do it Nov 2021 #2

I was a mortgage broker but in Canada so I will give my perspective from here Bev54 Nov 2021 #3

so i should "prequalify" with multiple places, but only preapprove with one? Takket Nov 2021 #7

Yeah perhaps a few, unless of course you have a mortgage broker doing the work for you Bev54 Nov 2021 #11

You can get a rough idea of where rates are online anonymously Shermann Nov 2021 #4

Rates are not always the only thing to be looking for, terms and pre-payment options Bev54 Nov 2021 #12

My experience is the bank will loan a person too much money for the person to be comfortable questionseverything Nov 2021 #5

On number 2.: Baked Potato Nov 2021 #6

I went to my bank and qualified formy home loan. Delmette2.0 Nov 2021 #9

Let the bank tell you how much you qualify for... dixiechiken1 Nov 2021 #10

Another suggestion is to check with credit unions. Desert grandma Nov 2021 #13

Mortgage broker Lulu KC Dec 2021 #14

mortgage Islandsportivo Feb 2022 #15