Mortgage time: yippee :oS
#16
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We are getting a good rate....but we are going FHA. Its not the best of loans, but its the best we can do at the moment and it will put us on the property ladder. Plus, we don't have to come up with a monster deposit or provide excellent credit, of which we have neither.
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Also don't forget that if you do get a lousy rate, you can always re-finance a year or so later.
(I still find it odd that virtually all mortgages in the US are 'sold on' to another finance company within a few days of closing....the only one I've heard of who doesn't do this is (Dutch owned) ING Barings, but I guess there must be others).
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(I still find it odd that virtually all mortgages in the US are 'sold on' to another finance company within a few days of closing....the only one I've heard of who doesn't do this is (Dutch owned) ING Barings, but I guess there must be others).
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#18
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Originally Posted by Englishmum
Also don't forget that if you do get a lousy rate, you can always re-finance a year or so later.
(I still find it odd that virtually all mortgages in the US are 'sold on' to another finance company within a few days of closing....the only one I've heard of who doesn't do this is (Dutch owned) ING Barings, but I guess there must be others).
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(I still find it odd that virtually all mortgages in the US are 'sold on' to another finance company within a few days of closing....the only one I've heard of who doesn't do this is (Dutch owned) ING Barings, but I guess there must be others).
But refinancing usually comes at a hefty cost that will require factoring in to your calculations. When a loan officer gives the terms along with "but you can always re-finance a year or so later" be extremely wary. It's an extremely bright red flag!
Surprisingly, however, one of the easiest to refinance is the FHA.
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Originally Posted by fatbrit
But refinancing usually comes at a hefty cost that will require factoring in to your calculations. When a loan officer gives the terms along with "but you can always re-finance a year or so later" be extremely wary. It's an extremely bright red flag!
Surprisingly, however, one of the easiest to refinance is the FHA.
Surprisingly, however, one of the easiest to refinance is the FHA.
With our company,most of our business is repeat
With a reputable company you build up a long term relationship.Independant
Brokers as apposed to banks, can often 'look outside the box 'Offering a wide range of products from many lenders.
Redlobster.
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