Recommendations for a good mortgage broker

[SD Realtor]

Amy it sounds like you are doing your homework which is very well done. I would call several different brokers and also check with the banks, credit unions even on line lenders to see the differences. Get a good scope of the situation.

Before you look at house number 1 make sure you have the financing aspect totally closed and well understood. To many people do the house part first and the financing part second. Have your financial strategy set before looking fot the home.

SD Realtor

[Rich Toscano]

Rus – He feels (as I do) that mortgage rates are a lot more likely to rise than fall over the next decade and that in the majority of cases it makes sense to lock in a fixed rate. You may or may not agree, but assuming for the sake of argument that this is the case, the point I was attempting to get across is that he’s pretty strict about getting people into the best situation for their long-term net worth as opposed to maximizing the loan amount or any fees. Not trying to impinge anything.

Now get back to your control room and moderate those comments. 😉

Rich

[Rich Toscano]

Rus – He feels (as I do) that mortgage rates are a lot more likely to rise than fall over the next decade and that in the majority of cases it makes sense to lock in a fixed rate. You may or may not agree, but assuming for the sake of argument that this is the case, the point I was attempting to get across is that he’s pretty strict about getting people into the best situation for their long-term net worth as opposed to maximizing the loan amount or any fees. Not trying to impinge anything.

Now get back to your control room and moderate those comments. 😉

Rich

[Rich Toscano]

Rus – He feels (as I do) that mortgage rates are a lot more likely to rise than fall over the next decade and that in the majority of cases it makes sense to lock in a fixed rate. You may or may not agree, but assuming for the sake of argument that this is the case, the point I was attempting to get across is that he’s pretty strict about getting people into the best situation for their long-term net worth as opposed to maximizing the loan amount or any fees. Not trying to impinge anything.

Now get back to your control room and moderate those comments. 😉

Rich

[Rich Toscano]

Rus – He feels (as I do) that mortgage rates are a lot more likely to rise than fall over the next decade and that in the majority of cases it makes sense to lock in a fixed rate. You may or may not agree, but assuming for the sake of argument that this is the case, the point I was attempting to get across is that he’s pretty strict about getting people into the best situation for their long-term net worth as opposed to maximizing the loan amount or any fees. Not trying to impinge anything.

Now get back to your control room and moderate those comments. 😉

Rich

[Rich Toscano]

Rus – He feels (as I do) that mortgage rates are a lot more likely to rise than fall over the next decade and that in the majority of cases it makes sense to lock in a fixed rate. You may or may not agree, but assuming for the sake of argument that this is the case, the point I was attempting to get across is that he’s pretty strict about getting people into the best situation for their long-term net worth as opposed to maximizing the loan amount or any fees. Not trying to impinge anything.

Now get back to your control room and moderate those comments. 😉

Rich

[NotCranky]

Rich,

Now get back to your control room and moderate those comments. 😉

That is too funny. Please don’t take a poll as to who thinks mine should be moderated. Thanks for your even handedness with this forum.

I also feel that mortgage rates are going to go up and post that opinion frequently. My own conjecture has it that my timing has been flawed because of these not so free market bailouts that you have been documenting and other ‘engineering’. I have hunch we see some bumps and maybe jumps up when this phase is waning if not sooner. I guess if I borrow cheap money now eventually inflation will be my friend too..sorry JWM.

For the blog:
I want money now,from my residence,to do a lot split and build a rental unit and buy gold :). The money will get used slowly. My situation is usually a bit of a cash flow disaster so I spread that monthly out as much as I can to stop capital bleed until my sweat equity phase is through. I am making progress. The rate question has me wondering if I should be thinking fixed and eat a percent or two, while the money sits in a CD or go for Heloc or a combo or both. I am leaning for a combo. Perhaps some of the other participants on this thread could speak to the topic?

TIA.

[NotCranky]

Rich,

Now get back to your control room and moderate those comments. 😉

That is too funny. Please don’t take a poll as to who thinks mine should be moderated. Thanks for your even handedness with this forum.

I also feel that mortgage rates are going to go up and post that opinion frequently. My own conjecture has it that my timing has been flawed because of these not so free market bailouts that you have been documenting and other ‘engineering’. I have hunch we see some bumps and maybe jumps up when this phase is waning if not sooner. I guess if I borrow cheap money now eventually inflation will be my friend too..sorry JWM.

For the blog:
I want money now,from my residence,to do a lot split and build a rental unit and buy gold :). The money will get used slowly. My situation is usually a bit of a cash flow disaster so I spread that monthly out as much as I can to stop capital bleed until my sweat equity phase is through. I am making progress. The rate question has me wondering if I should be thinking fixed and eat a percent or two, while the money sits in a CD or go for Heloc or a combo or both. I am leaning for a combo. Perhaps some of the other participants on this thread could speak to the topic?

TIA.

[NotCranky]

Rich,

Now get back to your control room and moderate those comments. 😉

That is too funny. Please don’t take a poll as to who thinks mine should be moderated. Thanks for your even handedness with this forum.

I also feel that mortgage rates are going to go up and post that opinion frequently. My own conjecture has it that my timing has been flawed because of these not so free market bailouts that you have been documenting and other ‘engineering’. I have hunch we see some bumps and maybe jumps up when this phase is waning if not sooner. I guess if I borrow cheap money now eventually inflation will be my friend too..sorry JWM.

For the blog:
I want money now,from my residence,to do a lot split and build a rental unit and buy gold :). The money will get used slowly. My situation is usually a bit of a cash flow disaster so I spread that monthly out as much as I can to stop capital bleed until my sweat equity phase is through. I am making progress. The rate question has me wondering if I should be thinking fixed and eat a percent or two, while the money sits in a CD or go for Heloc or a combo or both. I am leaning for a combo. Perhaps some of the other participants on this thread could speak to the topic?

TIA.

[NotCranky]

Rich,

Now get back to your control room and moderate those comments. 😉

That is too funny. Please don’t take a poll as to who thinks mine should be moderated. Thanks for your even handedness with this forum.

I also feel that mortgage rates are going to go up and post that opinion frequently. My own conjecture has it that my timing has been flawed because of these not so free market bailouts that you have been documenting and other ‘engineering’. I have hunch we see some bumps and maybe jumps up when this phase is waning if not sooner. I guess if I borrow cheap money now eventually inflation will be my friend too..sorry JWM.

For the blog:
I want money now,from my residence,to do a lot split and build a rental unit and buy gold :). The money will get used slowly. My situation is usually a bit of a cash flow disaster so I spread that monthly out as much as I can to stop capital bleed until my sweat equity phase is through. I am making progress. The rate question has me wondering if I should be thinking fixed and eat a percent or two, while the money sits in a CD or go for Heloc or a combo or both. I am leaning for a combo. Perhaps some of the other participants on this thread could speak to the topic?

TIA.

[NotCranky]

Rich,

Now get back to your control room and moderate those comments. 😉

That is too funny. Please don’t take a poll as to who thinks mine should be moderated. Thanks for your even handedness with this forum.

I also feel that mortgage rates are going to go up and post that opinion frequently. My own conjecture has it that my timing has been flawed because of these not so free market bailouts that you have been documenting and other ‘engineering’. I have hunch we see some bumps and maybe jumps up when this phase is waning if not sooner. I guess if I borrow cheap money now eventually inflation will be my friend too..sorry JWM.

For the blog:
I want money now,from my residence,to do a lot split and build a rental unit and buy gold :). The money will get used slowly. My situation is usually a bit of a cash flow disaster so I spread that monthly out as much as I can to stop capital bleed until my sweat equity phase is through. I am making progress. The rate question has me wondering if I should be thinking fixed and eat a percent or two, while the money sits in a CD or go for Heloc or a combo or both. I am leaning for a combo. Perhaps some of the other participants on this thread could speak to the topic?

TIA.

[Raybyrnes]

Amy,

I am not a mortgage broker or affiliated with the industry but I would also look and see wheat the requeirement are for the first time homeownrs program. Your income might be too high but if you fit the box it is an excellent program.

http://www.calhfa.ca.gov.

This programis comparable to many of the VA and Cal Vet program.

Best of luck. Coniue to gatehr your informaiton. I ahve a3 ring binder at this point that I ahve compiled over teh last year or so. I yuse it as a refernce guide.

[Raybyrnes]

Amy,

I am not a mortgage broker or affiliated with the industry but I would also look and see wheat the requeirement are for the first time homeownrs program. Your income might be too high but if you fit the box it is an excellent program.

http://www.calhfa.ca.gov.

This programis comparable to many of the VA and Cal Vet program.

Best of luck. Coniue to gatehr your informaiton. I ahve a3 ring binder at this point that I ahve compiled over teh last year or so. I yuse it as a refernce guide.

[Raybyrnes]

Amy,

I am not a mortgage broker or affiliated with the industry but I would also look and see wheat the requeirement are for the first time homeownrs program. Your income might be too high but if you fit the box it is an excellent program.

http://www.calhfa.ca.gov.

This programis comparable to many of the VA and Cal Vet program.

Best of luck. Coniue to gatehr your informaiton. I ahve a3 ring binder at this point that I ahve compiled over teh last year or so. I yuse it as a refernce guide.

[Raybyrnes]

Amy,

I am not a mortgage broker or affiliated with the industry but I would also look and see wheat the requeirement are for the first time homeownrs program. Your income might be too high but if you fit the box it is an excellent program.

http://www.calhfa.ca.gov.

This programis comparable to many of the VA and Cal Vet program.

Best of luck. Coniue to gatehr your informaiton. I ahve a3 ring binder at this point that I ahve compiled over teh last year or so. I yuse it as a refernce guide.

[Author]

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