I have an established relationship with Bank of America however there are several other smaller banks and lenders out there with better rates. What happens if you get a mortgage through a smaller bank or lender and they go bankrupt or get bought out by another company? Does it affect your mortgage rate? Is that the chance you take or is the rate locked in no matter what?
Jan 022012
I’m filling up some paper work, but it have tons of mortgage types and terms, so how do you know which one you should choose. It have conforming, jumbo, FHA, etc and then the only thing that varies is the term time. 1. I will talk with the mortgage broker 2. I’m first time home [...]
It is so hard to pick a mortgage lender. They can only give you a range of interest percentages. You don’t know the rate til you commit to them after you have already paid the application fees. What is the best lender in Florida for would-be homeowners?
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