For a 100k home loan, would you pick Wells Fargo or Bank of America? Considering Mortgage Rates, Closing Costs, etc.
Thanks!
Check it out here. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look.
http://best-online-loans.info/
http://loan–house.blogspot.com/2008/03/bad-credit-loans.html
Wells Fargo for sure, the are wonderful to work with and easier to get a loan through them. Best Wishes
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Real Estate Tycoon and Investor
janice 10 is a fool….
you are the boss in the loan situation….
find 5 banks…those 2 included….and get the best possible deal…
you don’t need to deal with wonderful people….
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I would recommend you use a Mortgage Broker instead of a bank.
Get recommendations from people you trust.
A Mortgage Broker has access to many lenders and will be able to help you select a lender that has more favorable underwriting times. They will be able to help you get rates that are equal to or better than the Big Banks. By law, they are required to tell you how much they are going to make on your loan – Banks are not required to do so, and seldom do.
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Industry experience
I agree with Janice. Bank of America is horrible. I’ve used a mortgage broker in the past and will never do it again, it was very expensive. I got a loan with Wells Fargo, was very easy and reasonably inexpensive with competitive rates. About 9 months later I used their streamline refinancing program to lower the interest rate, that process was free and saves me $150 a month in interest.
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nobody expects anything bad to happen but if it does you would not want to deal with either one of these banks. I would recommend working with a local bank or better yet a credit union. You have all the power and there are many mortgage people out there dieing for work. Granted that you qualify go to many places and tell them what you expect to pay and that is it. Pit them all against each other and the one that wants your business the most will gladly take it. I bought my first place from a credit union and they were great but I’ll go with a broker from now on after I bought my second place. They have so many more options and have more flexibility on price because they work for smaller places with more leeway, many banks have set rules and the mortgage "professionals" cannot deviate from them and you get sort of boxed in.
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Whoever has the best interest rate.
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I would suggest getting good faith estimates from several banks and mortgage companies. My husband and I got preapproved from three companies, got good faith estimates from all three and picked the best one. We are closing on our home tomorrow. We did work with Wells Fargo for awhile, but ended up going through a different mortgage company.
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Check it out here. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look.
http://best-online-loans.info/
http://loan–house.blogspot.com/2008/03/bad-credit-loans.html
References :