I have very good credit and want to buy my first home. I am 21y/o. I will need 100% loan and not over 6% interest. Where is the best place? I would not like verible interest either. THANKS
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I have very good credit and want to buy my first home. I am 21y/o. I will need 100% loan and not over 6% interest. Where is the best place? I would not like verible interest either. THANKS
I was in the same situation, consider FHA from your bank where you have a checking account. They were even lower than a credit union and online mortgage companies (lending tree, contrywide, etc.).
I’ve bought a few homes over the past 20 years. One trick that’s worked for me is to have my realtor invite 3 mortgage brokers into the office. Then… I interview them!
Now that my credit’s pretty good, I give them one criteria… ask whatever they want up front, but don’t keep coming back for more info. I got bombarded with follow up requests the first time I bought a house and I’ll never put up with that again.
Good luck!
All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrower
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