Profile picture for Brian  Striegold

Brian Striegold

Lender

Branch Manager (16 years experience)

Specialties:
Purchase Loan,
Refinancing,
Home Equity,
Mortgage Planning

Advice

  • (10 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

Contributions are sorted newest to oldest.

Conventional v. FHA?

Answer

I would go with a conventional loan if you qualify.Anything below 80% ltv is the way to go this way you avoid the up-front MIP(mortgage insurance premium) and MI monthly.

  (0)
How do I chose a lender? Is there anything else I should base the choice on, other than the interest

Answer

There are many things that you are going to have to look for when you are choosing a mortgage lender. It is going to be very important for you to find the right lender, because the right lender will translate into the right loan for you. For many people it is going to be important for you to make sure that you have the right loan, because it is vital that the loan is going to be something you can count on for the rest of your life. Therefore, you need to be sure to have the right loan, and, along with that, the right lender.There are also several things that you are going to want to look for in a lender, so be sure that you are focusing on the most important aspects of the lending process. Finding a good lender is never something that you should rush, so you want to be sure that you can do all that you can to take your time. If you are trying to find a lender in a hurry, chances are always good that you might end up messing up and picking the wrong type of lender. This will lead to you having problems with the loan that you end up getting, so take your time, no matter what!

  (0)
Orig Fee - waive it and Interest Rate goes up?

Answer

Discount points are fees paid to a lender at closing in order to lower your mortgage interest rate. While buying points is sometimes a good decision, many times the purchase costs you more than it saves. How Much Do Points Cost?The cost of each point is equal to one percent of the loan amount. For instance, for a $100,000 loan one discount point equals $1,000.WE OFFER ZERO COST LOANS TOO!

  (0)
Please explain points.

Answer

Discount points are fees paid to a lender at closing in order to lower your mortgage interest rate. While buying points is sometimes a good decision, many times the purchase costs you more than it saves. How Much Do Points Cost?The cost of each point is equal to one percent of the loan amount. For instance, for a $100,000 loan one discount point equals $1,000.

  (0)