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Infertility
theworms
member
Worrying does not empty tomorrow of its troubles, It empties today of its strength. ~Corrie ten Boom
Courage doesn't always roar. Sometimes courage is the little voice at the end of the day that says I'll try again tomorrow. ~Mary Anne Radmacher (thank you beadinglady)
It's been a long journey. TTC since 9/06. multiple IUI's and IVF's and 4 m/c's. IVF#3 = BFP, twins, induced at 34w6d due to baby b passing away (no explanation). Delivered on 35w1d, Baby A - baby girl, and Baby B - baby boy, our little angel.
MTHFR A1298C & C677T, Immune Issues and Factor II
If you have a mortgage - please come in
theworms
member
in Infertility
DH and I are looking for a mortgage - Can you please answer some questions for me
Who did you get your mortgage from?
What was your experience like working with them?
Would you rec. them?
How long is your mortgage for?
Is it fixed rate?
Any words of wisdom for me 
Thanks
Worrying does not empty tomorrow of its troubles, It empties today of its strength. ~Corrie ten Boom
Courage doesn't always roar. Sometimes courage is the little voice at the end of the day that says I'll try again tomorrow. ~Mary Anne Radmacher (thank you beadinglady)
It's been a long journey. TTC since 9/06. multiple IUI's and IVF's and 4 m/c's. IVF#3 = BFP, twins, induced at 34w6d due to baby b passing away (no explanation). Delivered on 35w1d, Baby A - baby girl, and Baby B - baby boy, our little angel.
MTHFR A1298C & C677T, Immune Issues and Factor II
This discussion has been closed.
Re: If you have a mortgage - please come in
Who did you get your mortgage from? National City Mortgage
What was your experience like working with them? Easy and smooth.
Would you rec. them? Sure.
How long is your mortgage for? 30 long years.
Is it fixed rate? Yes. I personally would never do an adjustable rate.
Any words of wisdom for me - Do you research. Talk to your realtor for any recommendations. Ask friends and family. Check if there are any special programs, etc that you qualify for. Put as much down as you can. Try to pay extra towards the principle each month if you can.
Good luck to you.
We went with Bank of America b/c at the time they were running a No Fee Mortgage that had really good interest rates.
We had a decent time working with them. I have a finance degree so I did a lot of the researching of loan types, int rates, etc on my own. We really just worked with them to secure the loan I decided on.
I would rec. them now seeing as they are a secured Big Bank and will most likely not be sold. That is one thing to watch for with smaller financing agencies - they can be sold and you never really know who holds your mortgage. Country Wide was a great example of this.
We went with a fixed rate b/c we knew we would be in this house longer than 5 years - and I didn't want to gamble having refinancing with a higher rate after a 5 year ARM expired.
Do your research!!! Any, try not to become "house rich but money poor". This is the mistake that so many people make. Just because the bank will offer you a certain amount of money doesn't mean it really fits into your budget. The financial crisis we are in is partially stimming from the mortgage crisis. I am a firm believe that the mortgage crisis is due to banks over extending mortgage loans to unqualified buyers - and unqualified buyers living out side of their means. I could go on forever......
:::Steps off soap box now:::
Also, don?t forget that if you are a first time buyer you can use the $8,000 tax credit towards your down payment if you qualify!
Who did you get your mortgage from? MetLife
What was your experience like working with them? DH did most of the work, so for me, it was pretty painless.
Would you rec. them? sure
How long is your mortgage for? 30 yrs
Is it fixed rate? yep at 4.65% woot woot!!
Who did you get your mortgage from? Chase Home Finance
What was your experience like working with them? Great!
Would you rec. them? Yes
How long is your mortgage for? we split it into 2 loans to avoid mortgage insurance...60% is 30 years and 40% is 15 years
Is it fixed rate? Yes
Any words of wisdom for me
Don't get an ARM, even though the rate will be lower right now...it's not worth it when the rate goes up.
Good luck...buying a house is awesome!!
Daycare is SO exhausting!
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You mean you're looking to buy a house?
Our current mortgage is with Chase
It's been fine. DH can pay online or by phone. No problems
30 years
Of course
Do NOT get an adjustable rate. Go for fixed. Shop around. See if your realtor and/or insurance company has suggestions
Who did you get your mortgage from? WR Starkey
What was your experience like working with them? Excellent, I love, love love, them!
Would you rec. them? Yes
How long is your mortgage for? 30yr fixed, VA!
Married and it feels so good!
*PCOS bio* *Cold Hands, Warm Heart*
Who did you get your mortgage from? Bank of America
What was your experience like working with them? Super easy- had a pre approval in about 20 minutes and closed in 30 days.
Would you rec. them? absolutely
How long is your mortgage for? 30 years
Is it fixed rate? absolutely- I would not do and ARM now.
Any words of wisdom for me
Its a great time to buy a house- go for it!
Who did you get your mortgage from? Current mortgage with citimortgage. When we got the house last year it was with Wells Fargo. We refinanced because the rates dropped dramatically between 6/08 and 12/08. woo hoo! Wells Fargo was very difficult to work with and a total PIA. We used my sister's friend who runs his own mortgage company and then sets us up with the Wells Fargo's of the world. If you have a friend, use them. We only paid $400 in closing costs for the re-finance because we were friends.
What was your experience like working with them? See above. Also, had a mortgage with GMAC, (now Ditech) on a previous property. They were good too. We also checked out the UW Credit Union b/c DH is a member, but they just couldn't beat the friends and family discount from sis's friend. No one could. So if you're a member of a credit union, they'll be good to work with too.
Would you rec. them? See above.
How long is your mortgage for? 30 yrs
Is it fixed rate? Yes.
We pay 1/2 our mortgage on the 15th and the other 1/2 on the 30th, it will help us pay off our mortgage years earlier.
I got my mortgage from HomeAmerican Mortgage because they worked directly with out builder and gave us a special deal, but it was then sold immediately to Countrywide, and then passed right along to Bank of America when they took them over.
We have a 5/1 InterestOnly ARM with a decoupled interestonly period of 10 years. I should stop here and tell you that I've been inthe mortgage business for 12 years and have a ton of experience, so if you have any questions along the way feel free to PM me. I don't mind helping.
Most mortgages are for 30 years. There are some short options (10, 15, 20, 25), which I'm sure you won't want for your first mortgage. There are also many institutions that offer 40 year terms to stretch it out a bit further. ARMS aren't as bad as everyone thinks/says, but you need to really understand how they work and how to deal with one. It's the people that didn't, that got into them, and ended up in bad situations because they weren't knowledgable. Right now ARM rates are almost a point better in rate than fixed! I'm about to refinance, and will get into another one.
Last thing I add is that I agree with the person who said to shop around a bit. You don't have to go crazy, but call a few of the bigger guys and compare rates. Bank of America, Wells Fargo, Chase, CitiMortgage, to name a few. And make sure you ask for 0 point rates! Sometimes they'll quote you an awesome rate, but it's only if you pay points at closing (which they won't tell you when quoting the rate, to trick you), which you don't want to do.
Who did you get your mortgage from? a local hometown bank - Naugatuck Savings Bank
What was your experience like working with them? excellent. we've had the mortgage for 4+ yrs and have never had an issue. our mortgage broker has been wonderful and even comes to the house in the evening to discuss future mortgage/investment plans with us.
Would you rec. them? absolutely but like i said, they are local so i'm not sure it would be feasible for you.
How long is your mortgage for? 30yrs
Is it fixed rate? yes
Who did you get your mortgage from? Chase
What was your experience like working with them? Easy
Would you rec. them? yes, this is actually my second mortgage through Chase
How long is your mortgage for? 30 years
Is it fixed rate? yes, fixed FHA
Any words of wisdom for me
Do not do adjustable, only fixed. If you live in an area that was ever considered rural, see if you can get a FHMA (?) from the Dept of Agriculture. I lived in an area not rural but got it anyway and no money down! Also check out any first time buyer programs.
Who did you get your mortgage from? Sovereign Bank
What was your experience like working with them? They were great, no hassles.
Would you rec. them? yes
How long is your mortgage for? 30 yr
Is it fixed rate? Yes
Any words of wisdom for me
Don't buy a house you can't afford. Really go through your finances before you look at houses in a certain price range. You don't want to start making deals with yourself that you'll eat roman noodles for dinner every night just to live in that gorgeous house. Only get a fixed rate mortgage-those adjustable rates real you in and then screw you over. Buy a house in a neighborhood you love, you can always upgrade. Don't buy the most expensive house on the block. HTH! Good luck.