Zillow Advice RSS: Question-Discussion-Guide,Pro-to-Pro,CA http://www.zillow.com/advice/CA/pro-to-pro/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate HomePath Mortgage - Which lender has the best rates? http://www.zillow.com/advice-thread/HomePath-Mortgage-Which-lender-has-the-best-rates/212109/ I have good credit (mid 700s) and no debt. I'm looking at a HomePath <a href="http://www.zillow.com/mortgage/">mortgage</a> for a purchase price of 165k. My first quote through Century 21 had a 5.97% interest rate. That's pretty high considering the average for my area is 5.0%. None of the <a href="http://www.zillow.com/directory/lenders/">lenders</a> have advertised rates and want to give custom quotes. Instead of going through each one blindly, I'm asking the Zillow community instead. Which one of the following HomePath lenders can give me a 5% <a href="http://www.zillow.com/Mortgage_Rates/">interest rate</a> with no points? Who should I pursue? Any I should stear clear of?<br/><br/>Champion Mortgage<br/>CMG Mortgage<br/>Coldwell Banker Home Loans<br/>Colonial National Mortgage<br/>ERA Home Loans<br/>First California Mortgage<br/>First Place Bank<br/>Flagstar Bank<br/>Metrocities Mortgage<br/>PHH Mortgage<br/>Reunion Mortgage<br/>Weichert Financial Services<br/><br/><br \><br \>9 replies Wed, 18 Mar 2009 18:09:00 GMT http://www.zillow.com/advice-thread/HomePath-Mortgage-Which-lender-has-the-best-rates/212109/ 2009-03-18T18:09:00Z Citi Mortgage just hangs up now on subordinations! http://www.zillow.com/advice-thread/Citi-Mortgage-just-hangs-up-now-on-subordinations/206518/ If I wasn't in such a "not so good mood" it might be funny!<br/><br/><strong>"Due to circumstances beyond our control, we are unable to take your call ath this time, pleas try your call later ... CLICK!"</strong><br/><br/>Welcome to the jungle!<br \><br \>9 replies Wed, 04 Mar 2009 18:46:00 GMT http://www.zillow.com/advice-thread/Citi-Mortgage-just-hangs-up-now-on-subordinations/206518/ 2009-03-04T18:46:00Z Looking for a San Clemente CA Real Estate Specialist http://www.zillow.com/advice-thread/Looking-for-a-San-Clemente-CA-Real-Estate-Specialist/464562/ Hi Jean &amp; Ken,<br/>&nbsp;&nbsp;&nbsp; I am a San Clemente mortgage broker and resident.&nbsp; I have a few trusted San Clemente agents that I trust enough to send my own family members to.&nbsp; Please see my profile for my contact info and I'd be happy to help any way I can.<br \><br \>0 replies Thu, 03 Jan 2013 23:20:00 GMT http://www.zillow.com/advice-thread/Looking-for-a-San-Clemente-CA-Real-Estate-Specialist/464562/ 2013-01-03T23:20:00Z can I claim my loss on the upgrades that I did on my investment property? http://www.zillow.com/advice-thread/can-I-claim-my-loss-on-the-upgrades-that-I-did-on-my-investment-property/388327/ Make sure you have saved all of your receipts and invoices. Most likely you will be able to claim your expenses. There are many, many things that you may be able to write off, over and above the improvements, such as mortgage interest deduction and depreciation, but they will vary on a case-to-case basis. You are best advised to consult with your accountant on this one, and hopefully you have a good accountant that is knowledgeable in Real Estate rentals as they could be worth more than you pay them in tax deductions. <br/><br/>Good luck!<br \><br \>0 replies Thu, 24 Feb 2011 22:26:00 GMT http://www.zillow.com/advice-thread/can-I-claim-my-loss-on-the-upgrades-that-I-did-on-my-investment-property/388327/ 2011-02-24T22:26:00Z Blog or Website http://www.zillow.com/advice-thread/Blog-or-Website/202468/ For those of you using the Wordpress.org blogging platform, there are two WP plugins we've recently developed that you can now try out -- the <a href="http://www.zillow.com/blog/announcing-the-mortgage-center-plug-in-for-wordpress/2009/10/15/">mortgage center</a> and the <a href="http://www.zillow.com/blog/announcing-the-local-market-explorer-wp-plugin-a-new-way-to-create-city-pages-inside-of-wordpress/2009/08/12/">local market explorer</a>.<br \><br \>0 replies Fri, 16 Oct 2009 23:38:00 GMT http://www.zillow.com/advice-thread/Blog-or-Website/202468/ 2009-10-16T23:38:00Z what is the best way to check the background of someone who wants to rent my home http://www.zillow.com/advice-thread/what-is-the-best-way-to-check-the-background-of-someone-who-wants-to-rent-my-home/308237/ Yes, Have the&nbsp;applicant fill out a rental application with #SSN&nbsp;(required by laws) and&nbsp;go to the small local <a href="http://www.zillow.com/mortgage/">mortgage</a> office, they will check the applicant's credit&nbsp;for you with the fee from $15 to $35.<br \><br \>0 replies Tue, 22 Dec 2009 02:16:00 GMT http://www.zillow.com/advice-thread/what-is-the-best-way-to-check-the-background-of-someone-who-wants-to-rent-my-home/308237/ 2009-12-22T02:16:00Z I have a mortgage PMI and have to go to foreclosure. Can the PMI company sue me for the deficit? http://www.zillow.com/advice-thread/I-have-a-mortgage-PMI-and-have-to-go-to-foreclosure-Can-the-PMI-company-sue-me-for-the-deficit/202089/ Living in Bakersfield, California.<br \><br \>0 replies Sat, 21 Feb 2009 15:45:00 GMT http://www.zillow.com/advice-thread/I-have-a-mortgage-PMI-and-have-to-go-to-foreclosure-Can-the-PMI-company-sue-me-for-the-deficit/202089/ 2009-02-21T15:45:00Z how far can I go before identifing a lender http://www.zillow.com/advice-thread/how-far-can-I-go-before-identifing-a-lender/243010/ smarkma,<br/><br/>You need to make sure that you are getting the lowest overall cost of borrowing, not just the best GFE.<br/><br/>Some items to consider:<br/><br/>*&nbsp; How long do you plan on being in this house<br/><br/>*&nbsp; How long before you need to refinance again (lower rate, cash out for home improvement, debt consilidation, start college savings account, etc.)<br/><br/>The typical <a href="http://www.zillow.com/mortgage/">mortgage</a> is refinanced every 3 - 5 years, and the typical homeowner moves every 5 -7 years.<br/><br/>Make sure to compare just the closing costs, and not the pre-paids.&nbsp; You need to do this to ensure that if you are dealing with an unexperienced <a href="http://www.zillow.com/mortgage/">loan</a> officer they don't list a smaller amount than necessary in your escrow account.&nbsp; So, don't compare:<br/><br/>*&nbsp; Tax reserve<br/>*&nbsp; <a href="http://www.zillow.com/mortgage-glossary/Homeowner%27s-Insurance/">Homeowner's Insurance</a> Reserve<br/>*&nbsp; Aggregate Escrow<br/>* Odd Days interest<br/><br/>The first three will be the same, the last would only be different, based on the interest rate.<br/><br/>So, what does that leave to compare:<br/><br/>* Loan Origination<br/>*&nbsp;Loan Discount<br/>* Broker Fee<br/>*&nbsp;Processing Fee<br/>* Underwriting Fee<br/>*&nbsp;Application Fee<br/>* Admin Fee<br/>* Closing<br/>* Title Insurance<br/><br/>Ask each if they are willing to guarantee that they will come in at or below the quoted Good Faith Estimate.<br/><br/>Choose the best one for your situation and move forward.&nbsp; Most lenders will not lock your loan in until they have taken a full application and sometimes even ordered an appraisal.<br/><br/>[self-promotional post, removed by moderator]<br/><br \><br \>0 replies Fri, 05 Jun 2009 19:23:00 GMT http://www.zillow.com/advice-thread/how-far-can-I-go-before-identifing-a-lender/243010/ 2009-06-05T19:23:00Z How much should i rent my home for? http://www.zillow.com/advice-thread/How-much-should-i-rent-my-home-for/375023/ Quick and dirty...go to Craigslist and your local paper and peruse your neighborhood. &nbsp;Better yet, try to contact a neighbor who is currently doing so. &nbsp;You want to be competitive but don't drastically undercut. &nbsp;If you undercut, every questionable personality in the area will come around. &nbsp;For a majority of neighborhoods (unless you own little to none on your house) you may not cover your mortgage. &nbsp;Make sure to include taxes, insurance (don't skimp on insurance) and maintenance (are you going to need to pay a landscaping company?). &nbsp;Also, &nbsp;I would recommend that you have an emergency cash reserve equal to 3 months of rent. &nbsp;Don't use it unless a real emergency crops up or if you decide to get out of the rental business, you will have that cash ready for the replacement of carpeting, appliances, door handles, locks, window coverings, screens or a host of other items that usually need to be replaced after a few renters.<br/><br/>Each neighborhood is different even within a few blocks of each other. &nbsp;Do your homework and price it correctly then you'll find a reliable tenant.<br/><br/><br/><br/><br \><br \>0 replies Mon, 15 Nov 2010 21:48:00 GMT http://www.zillow.com/advice-thread/How-much-should-i-rent-my-home-for/375023/ 2010-11-15T21:48:00Z which lender in california allows for high dti ratios or stated income doc loansfor25%downgoodcredit http://www.zillow.com/advice-thread/which-lender-in-california-allows-for-high-dti-ratios-or-stated-income-doc-loansfor25-downgoodcredit/293964/ <p>Michael<br/><br/>Rudi is correct in his statement to you.&nbsp; Hard money is the only source that I am aware of using stated income, but the terms are not pretty at all, and this type of <a href="http://www.zillow.com/mortgage/">loan</a> is only used in extreme cases.</p><p>Talk to a good <a href="http://www.zillow.com/directory/lenders/">mortgage broker</a> about your tax returns.&nbsp; If you get a knowledgeable <a href="http://www.zillow.com/directory/lenders/">lender</a>, they can at least tell you where you stand.</p><p>Good Luck.</p><br \><br \>0 replies Tue, 03 Nov 2009 17:18:00 GMT http://www.zillow.com/advice-thread/which-lender-in-california-allows-for-high-dti-ratios-or-stated-income-doc-loansfor25-downgoodcredit/293964/ 2009-11-03T17:18:00Z I am a local Investor looking to put a team together od a Real Estate Agent for my deals, motavated http://www.zillow.com/advice-thread/I-am-a-local-Investor-looking-to-put-a-team-together-od-a-Real-Estate-Agent-for-my-deals-motavated/267910/ I need&nbsp;a highly motivated <a href="http://www.zillow.com/directory/real-estate-agents/">Real Estate Agent</a> to manage the Deals I plan to make must be willing to put in low offers and does not bother him or her to lowball other Agents,&nbsp;&nbsp;We will look for a Real Estate&nbsp;Lawyer, a <a href="http://www.zillow.com/directory/lenders/">Mortgage Broker</a> and a motivated Title Agent.&nbsp;Must have &nbsp;knowledge of the central coast.<br/><br/>bross44@yahoo.com<br \><br \>3 replies Fri, 14 Aug 2009 02:36:00 GMT http://www.zillow.com/advice-thread/I-am-a-local-Investor-looking-to-put-a-team-together-od-a-Real-Estate-Agent-for-my-deals-motavated/267910/ 2009-08-14T02:36:00Z What is monthly investment for Loan Officer leads? http://www.zillow.com/advice-thread/What-is-monthly-investment-for-Loan-Officer-leads/572466/ Here's a <a href="http://www.zillow.com/advertising/Mortgage.htm">link to Zillow mortgage advertising department.&nbsp;&nbsp;</a> <br/><br/><br \><br \>0 replies Sat, 17 Jan 2015 00:56:00 GMT http://www.zillow.com/advice-thread/What-is-monthly-investment-for-Loan-Officer-leads/572466/ 2015-01-17T00:56:00Z What's another real estate website you visit often ? http://www.zillow.com/advice-thread/What%27s-another-real-estate-website-you-visit-often/430997/ I use Trulia to blog helpful mortgage information to inform and educate home buyers.<br \><br \>0 replies Sat, 26 Oct 2013 11:03:00 GMT http://www.zillow.com/advice-thread/What%27s-another-real-estate-website-you-visit-often/430997/ 2013-10-26T11:03:00Z Working with multiple mortgage brokers http://www.zillow.com/advice-thread/Working-with-multiple-mortgage-brokers/180488/ It is better to work with multiple <a href="http://www.zillow.com/directory/lenders/">mortgage broker</a> or just one?<br/><br/>thanks, jen<br/><br \><br \>15 replies Mon, 22 Dec 2008 23:49:00 GMT http://www.zillow.com/advice-thread/Working-with-multiple-mortgage-brokers/180488/ 2008-12-22T23:49:00Z House value is under loan balance, how to deal with lender http://www.zillow.com/advice-thread/House-value-is-under-loan-balance-how-to-deal-with-lender/183771/ How to deal with lender?&nbsp; Just keep paying the <a href="http://www.zillow.com/mortgage/">mortgage</a> amount plus second <a href="http://www.zillow.com/mortgage/">loan</a> amount OR work with <a href="http://www.zillow.com/directory/lenders/">lender</a> to put the house up for a short sale OR go into foreclosure.&nbsp; In the latter two cases you have to demonstrate lack of ability to pay.<br/><br/>One of the risks when purchasing property, stocks etc is that the value will go down.&nbsp;&nbsp; This is a risk that unfortunately has come true recently for many purchasers.&nbsp; <br/><br \><br \>0 replies Fri, 02 Jan 2009 18:12:00 GMT http://www.zillow.com/advice-thread/House-value-is-under-loan-balance-how-to-deal-with-lender/183771/ 2009-01-02T18:12:00Z Home Valuation Code of Conduct (Code) effective May 1, 2009, Now what? http://www.zillow.com/advice-thread/Home-Valuation-Code-of-Conduct-Code-effective-May-1-2009-Now-what/189953/ After reading, it seems that <a href="http://www.zillow.com/directory/lenders/">mortgage brokers</a> and <a href="http://www.zillow.com">real estate</a> <em>agents</em> are prohibited, but read page 5 section C and it seems that a real estate <em>company</em> with <em>in-house lending</em> may actually have that ability. Read that section and tell me what you think. <br/>Any attorneys out there that wish to comment on this please do.<br \><br \>0 replies Mon, 19 Jan 2009 15:52:00 GMT http://www.zillow.com/advice-thread/Home-Valuation-Code-of-Conduct-Code-effective-May-1-2009-Now-what/189953/ 2009-01-19T15:52:00Z can I find out the value of my homes by typing in the addresses on this site here? http://www.zillow.com/advice-thread/can-I-find-out-the-value-of-my-homes-by-typing-in-the-addresses-on-this-site-here/319656/ Zillow provides you with their Zestimate of home values based on their formula. However, this may or may not be the same result as an official appraiser, which is the bottom line for mortgage loans and refinancing.<br/><br/>However, in my opinion, Zillow's zestimate is within ball park figure. It is accurate to the present time but not as accurate as what an appraiser will do.<br \><br \>0 replies Fri, 11 Feb 2011 15:37:00 GMT http://www.zillow.com/advice-thread/can-I-find-out-the-value-of-my-homes-by-typing-in-the-addresses-on-this-site-here/319656/ 2011-02-11T15:37:00Z ZMM, do you think Magic Marvel will maintain your Mortgage Advice Board when all others Say Bye Bye? http://www.zillow.com/advice-thread/ZMM-do-you-think-Magic-Marvel-will-maintain-your-Mortgage-Advice-Board-when-all-others-Say-Bye-Bye/194211/ I was&nbsp;first on my last quote. When I&nbsp;read it, wow, there were 20 MM quotes&nbsp; in addition to mine from all over the nation. ZMM, please think this over one more time..<br \><br \>22 replies Fri, 30 Jan 2009 23:09:00 GMT http://www.zillow.com/advice-thread/ZMM-do-you-think-Magic-Marvel-will-maintain-your-Mortgage-Advice-Board-when-all-others-Say-Bye-Bye/194211/ 2009-01-30T23:09:00Z What is wrong with this picture? Can you identify the problems? http://www.zillow.com/advice-thread/What-is-wrong-with-this-picture-Can-you-identify-the-problems/197109/ The link above doesn't work.<a href="http://www.zillow.com/mortgage/LoanRequestAndQuotes.htm?loanRequestId=X1-ZRz15fj7eof4li_6a5jt"><br/><br/>http://www.zillow.com/mortgage/LoanRequestAndQuotes.htm?loanRequestId=X1-ZRz15fj7eof4li_6a5jt</a><br \><br \>0 replies Sun, 08 Feb 2009 17:58:00 GMT http://www.zillow.com/advice-thread/What-is-wrong-with-this-picture-Can-you-identify-the-problems/197109/ 2009-02-08T17:58:00Z Getting leads as loan officer http://www.zillow.com/advice-thread/Getting-leads-as-loan-officer/548949/ If you're having trouble getting leads and referrals from agents, tap your own network (friends, family, family of friends, sports teams, etc) to get a few applications going. &nbsp;If you get someone pre-approved and they don't have an agent yet - offer to get them hooked up with an agent that services the area they are looking to purchase in. &nbsp;That will give you a great in with the agent you send them to (who you obviously have researched and want to do business with). &nbsp;<br/><br/>Another option is buying trigger leads that have had their credit pulled for a mortgage inquiry, but does not have any current mortgage debt (NEW HOME BUYER). &nbsp;Preapprove them and follow the above. :)<br/><br/>Good luck and hang in!<br/><br/>Chad<br \><br \>0 replies Thu, 18 Dec 2014 20:39:00 GMT http://www.zillow.com/advice-thread/Getting-leads-as-loan-officer/548949/ 2014-12-18T20:39:00Z