Nate Moch's Q&A

fairylace,Kelly makes a number of great points. It does not really matter if your mortgage is sold since the terms will never change.  Mortgage brokers don't technically sell your loan because they do own it.  They shop around and find a lender for you.  The mortgage broker will be able to tell you who is buying your mortgage when they lock your rate. However, that does not mean your loan can't be sold down the road.  A mortgage can always be sold at a later point no matter who you buy it from, but it should not matter to the borrower since the terms do not change.You can read more about whether or not you should be concerned about a lender selling your mortgage in my blog post.Thanks,Nate

btrue73,Are you still making payments to American General?  Look at who you are making your monthly payments to each week and that will tell you who is servicing your loan.  You can then contact them to see if they will work with you on a loan modification.  If you are not deeply underwater, you could also try refinancing through someone else.  I would recommend submitting a free and anonymous loan request on Zillow Mortgage Marketplace to see if anyone is willing to refinance for you.Thanks,Nate

Rajan,Clay is right in that APR is not a perfect measure.  It is meant to help borrowers see the trade offs between interest rate and fees in an apples-to-apples manner, but there are limitations to it.  I just wrote a blog post about the differences between rate and APR on the Mortgages Unzipped blog on Zillow.  I recommend it as it provides an overview of the topic.Thanks,Nate

ibahta,I would recommend submitting a loan request on Zillow Mortgage Marketplace.  You will get loan quotes back from multiple lenders.  Then you can look through the lender's profiles and view their ratings.  The rating system on Zilllow Mortgage Marketplace is a great way to find a trusted lender since the feedback is from borrowers who have contacted the lenders.Thanks,Nate

Great responses.  I also just posted a blog post on the Zillow Mortgages Unzipped blog explaining the difference between interest rate and APR.  I hope it helps.Thanks,Nate

nataliapl,I just created a blog post explaining the difference between interest rate and APR on the Zillow Mortgages Unzipped blog.  I recommend you check it out.  I hope it helps.Thanks,Nate

jrc13,In my previous answer I assumed you did not register or sign in when you created your loan request.If you do register or sign in when you create a loan request, the loan request and all of the associated quotes will be associated with your account and you will be able to access them at any time through the mortgage tab.  When you return to Zillow, just sign in, and you will see a link in the mortgage tab called Quotes Received.  This page should have all of your quotes for the loan request you submitted.Thanks,Nate

jrc13,Good question.  Unfortunately you can't save old quotes to your profile, but you can save your loan request ID so you can always go back and view your old quotes.  Every time you submit a new loan request (or edit and resubmit a request), copy down the loan request ID or bookmark your quotes received page that contains your loan request ID.  When you return to the site, you can enter the loan request ID into the box on the landing page to view the quotes for that request. If you use the repost functionality to repost your exiting loan request we do not save your old quotes because they are not as valid as the new quotes you will receive (as rates and quotes can change rapidly in this environment).  If you feel like you need to save the old quotes for some reason, you can edit and resubmit your request so you get a new loan request ID (then you can go back and view the old quotes using the method described above).  However, I would recommend always using the latest quotes to ensure the most accurate rates.Thanks,Nate

Keane, If the user created an account when they created the loan request they can come back to Zillow, sign in, and then click the Quotes Received link in the mortgage tab.  If the user did not register but did write down their confirmation code, they can enter the code on the Zillow Mortgage Marketplace landing page.However, if they did not register and they did not write down their confirmation code, they will not be able to get back to their request.  If you know their information and when they submitted their loan request, you can get to the loan request through the quote you submitted for them.  Go to your Quotes Given page in your profile and look up the quote based on the time and location.  Then open the quote and follow the link to the loan request.  Hope that helps.Nate

This should now be fixed.  Please let me know if you see any other issues with the calculators.Thanks!Nate