If you've got a big cash downpayment saved up, use a local HOME OWNED bank. When they tell you what the interest rate will be, don't accept it and tell them that you want it 1% lower. If you have good credit and cash in hand, you are in charge. If you're like most everybody else who buys something that they haven't saved or prepared for, you're at their mercy. Just find the one who's going to screw you the least. If you don't have a cash down payment, I'd wait until I did, but most people don't listen to that advice because they can't wait a year to do anything.
Perxactly....and don't finance for more than 20 years, preferably 15
All of the above. I've never bought a property that I couldn't pay for in 15 years and I've never bought but one that I couldn't pay 20% down on and that was my first house.
Whatever they give you for a rate tellem thanks but you've been offered a point better already, they will adjust every time. Almost all mortgages are sold within 30 days. I have had a clause in my last 3 that they could not be sold to US Bank or Chase.
