[doinou]

Is this a scam, or does this book actually show you how to pay off your mortgage in 7-10 years without making extra payments?

[benqmark]

Well, I am buying a home and is comparison shopping among different mortgage lenders. The usual big names like Countrywide, Bank of America, and Citibank etc have higher rates than the lesser known/unheard of places. How can you know which ones are reputable and which ones to stay away from? Is it important to go with a local, "known" lender or non-local lesser known ones?

[blaurit611]

Your right. I'm a mortgage broker and I have access to "whole sale rates" versus "retail rates" that the public gets when they walk into a bank. Normally I can save my clients about 1/2 a point on their rates. And I deal with a number of lenders and compare to see who has the best rates. As for reputation MortgageBrokers like myself have taken a big hit in the public for a relatively few who are less than reputable. I would suggest you look at the Membership Directory for your local Chamber of Commerce. If their listed as a member you can be sure your dealing with a reputable company.

[lisannem]

A mortgage broker can save you money, but so can a small bank. You shouldn't deal with someone that only does business on the internet. The mortgage guidelines change daily and there are still lenders and brokers going out of business on a daily basis. So make sure you choose a someone who is going to be there when your sitting at the closing table.

Lisanne Jordan

[rheamae05]

Mortgage is not free for life! There are certain fees you need to settle. Have you tried to inquire other loan programs?