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What can I do to get more (or better) quotes for my loan request ZR-GXQHRXS

  • August 29 2011 - Brooklyn
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Answers (3)

you can always contact me :) or a trusted broker
a broker should not charge you any fees, and their job is to shop as many lenders as they can to get you the best deal that you can afford.

rule of thumb: beware of spam online quotes! without really looking into your financials and debt and credit and location of property, its hard to give you a full picture

  • September 15 2011
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Hi theo85,

As a rule of thumb, lenders return more quotes for loan requests for loan amounts of $417,000 or less and with at least 20% equity.  Please take a look at 3 Important Things to Consider When Getting a Loan for more information.

Jeany
  • August 29 2011
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Mortgage rates change up or down, just like the stock market.  So it will depend on the current yield of treasury bills on the date you request a mortgage rate quote. 

A lender will quote customers a rate based on factors such as:
- loan-to-value
- middle credit score
- lock period (ie. 15, 30, 45 day lock)
- number of units ie) single family, 2,3, 4 unit property
- occupancy (owner occupied or investor)
- conventional or FHA mortgage product

If a lender has a program which fits into their lending criteria, they will provide you a quote.
 

  • August 29 2011
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