Best place to get a home loan

[powercatmiller]

What is a better place for a first time homebuyer. A bank or a place like Lending Tree

[hemmy]

the mafia

[The1BigWillie]

We are the top purchase lender on the Lending Tree network. https://www.nbofkc.com/apply/[email protected]

I also speak a little Italian. "Get in the &@#%ing trunk." 

Seriously though... I'd be happy to answer any questions and give you free consultation.  You don't have to apply with me or anything. I'd rather not do loans for broke KSU fans on this message board anyway.   

[Thin Blue Line]

Ok, since you put yourself out there, what is your 30 yr fixed rate? Any accelerated payment options? C'mon, out with details.

[The1BigWillie]

Ok, since you put yourself out there, what is your 30 yr fixed rate? Any accelerated payment options? C'mon, out with details.

Best case (LTV, FICO, no points, loan amount around 200k) I think we're looking at 5.375% as of Friday with $525 in lender fees + your third party (appraisal, title, mrtg tax, recording, etc).  Everyone should have pretty much the same rates out there.  I think most people like going with a lender they feel comfortable with who knows what they are doing. 

Accelerated payment options?  There are no pre-payment penalties if that's what you mean. If someone wanted to make extra payments or put a little more towards the loan every month I can produce amortization schedules.  We don't set up any bi-weekly payment plans or anything like that.  Once we transfer the servicing a plan like that can be set up by the customer. 

[Thin Blue Line]

Thanks.

[pissclams]

right now is a really stupid time to be making extra mortgage payments   

[jeffy]

right now is a really stupid time to be making extra mortgage payments   

Nope.... being out of debt is the best possible financial situation in today's markets.

[Thin Blue Line]

right now is a really stupid time to be making extra mortgage payments   

Wrongo. Taking my 30 and paying it in 15. Nothing wrong with that.

[powercatmiller]

Ok, since you put yourself out there, what is your 30 yr fixed rate? Any accelerated payment options? C'mon, out with details.

Best case (LTV, FICO, no points, loan amount around 200k) I think we're looking at 5.375% as of Friday with $525 in lender fees + your third party (appraisal, title, mrtg tax, recording, etc).  Everyone should have pretty much the same rates out there.  I think most people like going with a lender they feel comfortable with who knows what they are doing. 

Accelerated payment options?  There are no pre-payment penalties if that's what you mean. If someone wanted to make extra payments or put a little more towards the loan every month I can produce amortization schedules.  We don't set up any bi-weekly payment plans or anything like that.  Once we transfer the servicing a plan like that can be set up by the customer. 

What range of price would a 900-950 payment amount to(insurance/taxes included)

[pissclams]

right now is a really stupid time to be making extra mortgage payments   

Wrongo. Taking my 30 and paying it in 15. Nothing wrong with that.

ya there is.   

[jeffy]

USAA ftw.

[Thin Blue Line]

Just a quick estimate, but I would say probably about 80-85k.

[Thin Blue Line]

right now is a really stupid time to be making extra mortgage payments   

Wrongo. Taking my 30 and paying it in 15. Nothing wrong with that.

ya there is.   

No there isn't. I can easily afford to do that, put money is savings accounts and keep cash locked away at home.

[The1BigWillie]

Ok, since you put yourself out there, what is your 30 yr fixed rate? Any accelerated payment options? C'mon, out with details.

Best case (LTV, FICO, no points, loan amount around 200k) I think we're looking at 5.375% as of Friday with $525 in lender fees + your third party (appraisal, title, mrtg tax, recording, etc).  Everyone should have pretty much the same rates out there.  I think most people like going with a lender they feel comfortable with who knows what they are doing. 

Accelerated payment options?  There are no pre-payment penalties if that's what you mean. If someone wanted to make extra payments or put a little more towards the loan every month I can produce amortization schedules.  We don't set up any bi-weekly payment plans or anything like that.  Once we transfer the servicing a plan like that can be set up by the customer. 

What range of price would a 900-950 payment amount to(insurance/taxes included)

Where are you looking to buy?  Not knowing the property taxes that's pretty hard to say.  My best guess without knowing would be $110 to 120k loan amount.  

[The1BigWillie]

USAA ftw.

USAA is good.  We typically beat them though. 

[pissclams]

right now is a really stupid time to be making extra mortgage payments   

Wrongo. Taking my 30 and paying it in 15. Nothing wrong with that.

ya there is.   

No there isn't. I can easily afford to do that, put money is savings accounts and keep cash locked away at home.

you're right. it's smart to throw extra money at a 30 year mortgage as housing values continue to decline.  you definitely don't want to be liquid.  keep up the good work.

what you're doing was smart 2-3 yrs ago, now, not so much.

[Thin Blue Line]

right now is a really stupid time to be making extra mortgage payments   

Wrongo. Taking my 30 and paying it in 15. Nothing wrong with that.

ya there is.   

No there isn't. I can easily afford to do that, put money is savings accounts and keep cash locked away at home.

you're right. it's smart to throw extra money at a 30 year mortgage as housing values continue to decline.  you definitely don't want to be liquid.  keep up the good work.

what you're doing was smart 2-3 yrs ago, now, not so much.

Liquidity, schmoquidity. I still have money to stock away. Money isn't a problem.

[pissclams]

right now is a really stupid time to be making extra mortgage payments   

Wrongo. Taking my 30 and paying it in 15. Nothing wrong with that.

ya there is.   

No there isn't. I can easily afford to do that, put money is savings accounts and keep cash locked away at home.

you're right. it's smart to throw extra money at a 30 year mortgage as housing values continue to decline.  you definitely don't want to be liquid.  keep up the good work.

what you're doing was smart 2-3 yrs ago, now, not so much.

Liquidity, schmoquidity. I still have money to stock away. Plus a thousand, or so, prime acres of farmland. Money isn't a problem.

farmland values have declined w/ the housing market but if you've got money to burn, then F*CK IT! 

[Thin Blue Line]

Oops. Too slow on the modify. Oh well.

[Thin Blue Line]

Not as much as my co-worker's dad who has a butt-load of oil leases, but not too bad.

[jeffy]

Don't get a 30.  Get a 15 year fixed.

[Thin Blue Line]

Don't get a 30.  Get a 15 year fixed.

My bad. It is a 15. Have it paid in 7. Sorry bout that.

[pissclams]

Don't get a 30.  Get a 15 year fixed.

My bad. It is a 15. Have it paid in 7. Sorry bout that.

you sure it's not a 7 that you're paying in 3?

[Thin Blue Line]

Yeah. I'm sure. Wife said we refinanced 5 years ago from a 30 to a 15. 'sClams off.