Long Beach Real Estate-Home Loans -Interest Rates

Sunday April 15, 2007

Today's Rates:

Posted on April 15, 2007 10:51:57 by Laurie.Manny

Loving Your Home Loan

Loving Your Home Loan

Here's the final lesson for how to get a home loan you love.  We started off in lesson one by compiling a neat credit and income package in a pdf format.  In lesson two, we talked about how to get some names of pretty good loan originators for you to interview.  In the third lesson, I instructed you about the seven questions to ask in the phone interview.

You should be down to 2-3 people with whom you are comfortable.  You probably have a favorite at this point but you need to see who is going to give you a fair loan.  Notice that I didn't say the cheapest at this point; I said a fair deal.  Shopping for the "cheapest" loan can be counterproductive.  We're going to drop that bunker buster on the select 2-3 originators but we're going to , as Tony Soprano might say,

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Posted on April 10, 2007 00:54:22 by Laurie.Manny

How To Find Your Way Through The Home Loan Jungle - Part Two

Finding Your Jungle Guide-Part Two

Welcome to the third lesson for obtaining a home loan you love.  Sit up straight class and pay attention;  Dr. Most Opinionated is about to start.

We started off with getting your documentation in order.   Compiling that package is the secret weapon we're going to pull out at the end of the process.  We're going to drop that bunker-buster bomb on the unsuspecting originator for maximum effect at the final moment.  Next, I instructed you to compile a list of 6-8 originators.  Do you have your little list?  Good, let's get to work!

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Posted on April 09, 2007 23:38:31 by Laurie.Manny

How To Get The Best Home Loan - Neatness Counts When You Want a Home Loan

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Posted on April 09, 2007 21:27:07 by Laurie.Manny

How To Find Your Way Through The Home Loan Jungle - Part One

Finding Your Jungle Guide-Part One

Okay, the last secret I told you about was how to compile a credit and income package for a lender so you could get accurate quotes and pre-approvals.  Now, I'm going to tell you how to shop for the right loan originator. 

I have always stated that you should be shopping mortgage consultants not loan programs but this double-barreled article will help you do both.  Understand this first.  You are NEVER going to get the absolute best rate offered on a home loan; it's impossible to determine what "best is:

READ:  You'll Never Get The Best Rate

Instead, you should be shopping loan originators.  You should spend some time online and on the phone getting to know the originator before you give her a copy of your "credit" package to receive a quote.

READ:  Borrow Money Like You Would Buy A Cell Phone

You should get a list of 5-6 loan professionals and spend 10-15 minutes on the phone with them.  Where do you find these people?  Here are some sources for "leads' on good loan originators:

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Posted on April 09, 2007 19:56:59 by Laurie.Manny