Equity Home Loans

im going to apply for a home loan should i go with wells farg,countrywide loans,quicken loans or washington mu

or washington mutual

Public Comments

1. Get a mortgage broker and they will do the research for you. They will tell you which loans will suit you and they get a commission from the bank so you won't have to pay them.
2. It depends on what state you are at. I noticed they have different rates for different states.
3. 1) compare rates 2) compare fees. I like knowing what my closing costs are going to be before I show up to sign paperwork. You will be surprised at all the little $35 this and $599 that charges that can appear at the last minute. Countrywide is pretty good at keeping that to within a reasonable range of their estimates. I have used countrywide twice. I'm a little upset that my variable rates keep going up on the current loan, though that's not really Countrywide's fault. Still, I'd be lying if I said I didn't blame them for it just a little bit. Bottom line is that I would consider them again as I haven't run into too many hidden fees and such. I sold a home to guy who used some internet lender and all the fees on his paperwork were way higher than Countrywide's.
4. The best one. That answer may seem glib, but it's the truth. The problem with answering your question is that the answer all depends on your situatuion. One lender may have better customer service and easier underwritng, like Countrywide. Another may have lower rates, but an untrained staff and tough guidelines, like Quicken. I've worked with all of these banks as a Mortgage Banker and I can tell you that there is no "one size fits all" option for everyone. One lender may be great for one person, but horrible for you. Also it depends on how long you plan on staying in the house and what you're long term financial goals are. If you don't plan on staying in your home a long time then it makes sense to get low or no fees and a slightly higher interest rate. If you plan on being there for a long while it would cost you less to pay up front and get a really low rate over the long haul. e.g. If you plan on staying in your home for 30 years it would make more sense to get a 30 year fixed at 5% even if you had to pay 2 points because you'll make up the difference in the long term. or If you plan on staying for just a few years it may make sense to get a no cost, no fee, and no point loan even if the rate is at 6.25%. I have a software program that I can use to show you what makes financial sense to you and I can also set you up with the best lender. Feel free to email me if you'd like some help
5. u should