Pay Home Loan
 

Is There Any Drawbacks To Applying For Mortgage (or Pre-approval) Online? Countrywide, Lending Tree Etc.?

I will be in the exchange to buy within 6 months and would like to just feel out what I will be approved for without really going to backs and lenders...yet. Kind of what to "store around" online first. But I dont want to do it if it cost


Answer: Chippy, it doesn't expenditure anything to shop around at all. From my experience as a mortgage professional, many of my would-be clients do end up with some roadblocks at other banks or lenders.

Nothing that I would do as a master would

 
 

Applied For 175k Mortgage, Max Loan Amount For Property Is 168k?

I tried to do an online mortgage approval through TD bank (before Commerce) and got this message halfway through:

"You requested a loan amount of $175,000.00. Based on the report you provided, the maximum loan amount allowed for the


Answer: It means that you will require the FHA required 3.5% down.
Take $175,000.00 x 96.5% and you get $168,875.00 so this is at most indicating that the maximum loan amount available is based on the FHA advance program which requires 3.5% down.

 
 

Are There Any Mortgage Brokers Out There? What Are The Chances Of This Happening?

My fiance and I have enough prosperous to put 50% down on a duplex, or small house. We have looked for calculating money lenders, approval online for mortgages.. and nothing is working. Most banks online won't holdings less than 50k.

The


Answer: The fees they ask are based on the size of the loan so they would not be earning enough. You will have to talk to a considerate at a bank and get them to help you.

Have you thought about putting only $20,000 down or $30,000 down so your

 
 

How Long Should It Take To Get A Mortgage Pre-approval These Days?

I applied for one at a native bank online last Thursday. I haven't heard anything by the following Tuesday so I called the bank and they're saying that they're experiencing a squeaky volume of incoming applications and it'll be one week. It's Friday


Answer: It depends on who you line with. I'm pre-approving clients within 24 hours.

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Is A Pre-approval From A Mortgage Broker As Good As One From A Bank?

We ethical got a pre-approval from 2 online mortgage brokers. A Realtor we just spoke to had us apply for a mortgage through a bank. She said that the online mortgage agent wouldn't have even checked our credit score. (One of them took our credit info


Answer: Your natural estate agent might be worried about the authenticity of it, because you went to an online mortgage throng, instead of going to one in person and actually dealing with someone phizog to face. I believe that dealing with a mortgage company

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