Which Bank to get Morgage from?

Prissy · 02-02-2009, 10:05 PM

Which bank should I get my morgage from? Any good suggestions? What are the things that I should consider to compare from bank to bank?

radix · 02-02-2009, 10:22 PM

The one that has the lowest fixed APR?!?

Dillusion · 02-02-2009, 10:26 PM

Mortgage*

First you need to find out how much your putting down, your PITI on the property after its value, etc. Then find the lowest FIXED APR

PS- Oh, and penalties for paying more ahead of time, and how much of a grace period you have for late payments. Not that your going to pay late, but the economy sucks so why not ask.

NotMe · 02-02-2009, 10:26 PM

the one that can spell mortgage for you

mpimping · 02-02-2009, 10:58 PM

i can get you a better deal. what's the loan amount and where is the property located? what type of house is it? what's your middle credit score?

koreez88 · 02-02-2009, 11:58 PM

The one that will give you the mortgage, given the economy.

mpimping · 02-03-2009, 12:30 AM

i think op posted a thread like this before.

Prissy · 02-03-2009, 09:42 AM

cooool thanks

///Mandy · 02-03-2009, 09:52 AM

Quote:

Originally Posted by Prissy

Which bank should I get my morgage from? Any good suggestions? What are the things that I should consider to compare from bank to bank?

You should get your mortgage from the bank that is offering the lowest fixed rate. Does that answer what you are asking?

darkcloud · 02-03-2009, 10:25 AM

We have Huntington Bank. Not sure if that would be available by you or not? But they have been great to work with and have had very low rates recently.

Prissy · 02-03-2009, 09:01 PM

I remember there was a site of all the updated fixed APR of banks. Can someone link me?

LACSTER · 02-03-2009, 09:15 PM

Quote:

Originally Posted by Prissy

I remember there was a site of all the updated fixed APR of banks. Can someone link me?

bankrate.com or rates.com. Just go directly to a bank like B of A or Well Fargo.

mpimping · 02-03-2009, 11:18 PM

Quote:

Originally Posted by LACSTER

bankrate.com or rates.com. Just go directly to a bank like B of A or Well Fargo.

no. he is better off going to somebody that has a lot of different banks because is this case, very few bank will lend on something like that. You have to get the financials, a coop questionaire, for most banks there has to be a certain % OO.

UCSBMW · 02-04-2009, 12:18 PM

Quote:

Originally Posted by mpimping

no. he is better off going to somebody that has a lot of different banks because is this case, very few bank will lend on something like that. You have to get the financials, a coop questionaire, for most banks there has to be a certain % OO.

Who are you approved with that's still doing stated?

LACSTER · 02-04-2009, 05:11 PM

Quote:

Originally Posted by UCSBMW

Who are you approved with that's still doing stated?

You better have a fico of 740+ with super low ltv to even go simi stated. Sup Dennis?

mpimping · 02-04-2009, 06:50 PM

Quote:

Originally Posted by UCSBMW

Who are you approved with that's still doing stated?

he wants some bs loan didn't say anything about being stated. with coops the building is just as important as the borrower. the building has to be on the approved list for the bank and usually has to be high rise... stated loans in NJ=hudson city and some Chinese banks do stated loans or just did.. if you want I can find out for you for a fee...

UCSBMW · 02-04-2009, 07:37 PM

Quote:

Originally Posted by mpimping

he wants some bs loan didn't say anything about being stated. with coops the building is just as important as the borrower. the building has to be on the approved list for the bank and usually has to be high rise... stated loans in NJ=hudson city and some Chinese banks do stated loans or just did.. if you want I can find out for you for a fee...

gotcha, i was just curious because on your original reply you stated something about getting financials, which is pretty standard for full doc loans, so i assumed you meant stated deal...but yes, i agree the building is definitely an important part in coop deals...luckily i don't have to deal with that over here on the west as much...thanks for the offer i think i'm okay.

off topic: for the brokers out there...are you able to beat B of A's retail no cost PLUS program and still make a dollar? (for those who qualify of course)

02-02-2009, 10:05 PM	#1
Prissy Brigadier General 1091 Rep 4,855 Posts Drives: M340i Join Date: Sep 2008 Location: NY iTrader: (6) Garage List 2015 BMW F30 [5.50] 2020 M340I [0.00] 2017 X3 [0.00] 2008 BMW E92 [9.00] 2010 BMW E92 [10.00]	Which Bank to get Morgage from? Which bank should I get my morgage from? Any good suggestions? What are the things that I should consider to compare from bank to bank?
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02-02-2009, 10:22 PM	#2
radix you know he kills little girls like you 398 Rep 892 Posts Drives: - Join Date: Feb 2008 Location: - iTrader: (0)	The one that has the lowest fixed APR?!?
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02-02-2009, 10:26 PM	#3
Dillusion is ross 26 Rep 190 Posts Drives: E90 Join Date: Nov 2008 Location: South Fl iTrader: (1)	Mortgage* First you need to find out how much your putting down, your PITI on the property after its value, etc. Then find the lowest FIXED APR PS- Oh, and penalties for paying more ahead of time, and how much of a grace period you have for late payments. Not that your going to pay late, but the economy sucks so why not ask. __________________
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02-02-2009, 10:26 PM	#4
NotMe New Member 14 Rep 20 Posts Drives: 2008 E92 335 & 2002 E46M3 Join Date: Nov 2007 Location: CA iTrader: (0)	the one that can spell mortgage for you
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02-02-2009, 10:58 PM	#5
mpimping Banned 867 Rep 336 Posts Drives: gti Join Date: Sep 2006 Location: ny,ny iTrader: (0)	i can get you a better deal. what's the loan amount and where is the property located? what type of house is it? what's your middle credit score?
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02-02-2009, 11:58 PM	#6
koreez88 Всем привет ;) 149 Rep 3,358 Posts Drives: Tesla Join Date: Jan 2007 Location: USA iTrader: (12)	The one that will give you the mortgage, given the economy.
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02-03-2009, 12:30 AM	#7
mpimping Banned 867 Rep 336 Posts Drives: gti Join Date: Sep 2006 Location: ny,ny iTrader: (0)	i think op posted a thread like this before.
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02-03-2009, 09:42 AM	#8
Prissy Brigadier General 1091 Rep 4,855 Posts Drives: M340i Join Date: Sep 2008 Location: NY iTrader: (6) Garage List 2015 BMW F30 [5.50] 2020 M340I [0.00] 2017 X3 [0.00] 2008 BMW E92 [9.00] 2010 BMW E92 [10.00]	cooool thanks
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02-03-2009, 10:25 AM	#10
darkcloud Colonel 353 Rep 2,385 Posts Drives: 09 VW JSW Join Date: Aug 2006 Location: cleveland, oh iTrader: (2) Garage List 2006 325i [0.00]	We have Huntington Bank. Not sure if that would be available by you or not? But they have been great to work with and have had very low rates recently. __________________ retired 06 E90 325i New: 09 VW Platinum Grey Jetta Sportwagen 2.0T SEL w/DSG, panoramic sunroof and Ipod adapter
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02-03-2009, 09:01 PM	#11
Prissy Brigadier General 1091 Rep 4,855 Posts Drives: M340i Join Date: Sep 2008 Location: NY iTrader: (6) Garage List 2015 BMW F30 [5.50] 2020 M340I [0.00] 2017 X3 [0.00] 2008 BMW E92 [9.00] 2010 BMW E92 [10.00]	I remember there was a site of all the updated fixed APR of banks. Can someone link me?
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