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View Full Version : Home Finance knoers abooters....



1stTimeCaller
12/27/2006, 09:16 PM
countrywide

Rhino
12/27/2006, 09:24 PM
Eloan, Lendingtree. No, no.

Try local companies or places with at least local offices. I've heard some horror stories about the eloans and lendingtrees about how they didn't bring money to closing and closing had to be delayed.

Check with your personal bank first. Then, get about five competing quotes. Let every one of them know that you're getting competing quotes. When you pick the best one, let the others know what they offered you so they can counter.

After you settle on the company, lock in on a good rate or float if you think you might get better in a couple weeks. Of course, its kinda like playing the stockmarket. Could go up, could go down.

The two lenders I've used on my houses:
Universal Mortgage Corporation (http://www.umc123.com/Western.htm)
Chase Bank

One was excellent at making me happy, the other was just a great deal. If you want contact #'s for the people that helped me, drop me a PM.

Everything you need to know about home buying (http://michaelbluejay.com/house/index.html) - really excellent guide; helped me a lot.

Rhino
12/27/2006, 09:33 PM
1-2 months.

First house took just over a month. Second one tookjust under a month.

Are you two first-time home buyers? If so, look into an FHA loan.

1stTimeCaller
12/27/2006, 09:45 PM
a friend of mine works at CountryWide and she has said that if you don't want to put any money down an 80/20 is the way to go so you don't have to pay PMI. Card did that on his house in Ardmore. He also has said that it's a better deal than a 100% loan.

Soonerus
12/27/2006, 09:51 PM
the wife and I have good credit (clean record, save a $83 charge from 6 years ago) and a score of 757 (it was 800 before I married into school debt and car loan.)

Who would you guys talk to about home financing? I'm thinking USAA, Eloan, Lendingtree.

Depends on where you are buying.....

Rhino
12/27/2006, 09:59 PM
a friend of mine works at CountryWide and she has said that if you don't want to put any money down an 80/20 is the way to go so you don't have to pay PMI. Card did that on his house in Ardmore. He also has said that it's a better deal than a 100% loan. We looked at an 80/20, and they are good deals. But, some companies have different loan programs and jack up the rate on 80/20s. In the end, our 100% financing (w/ PMI) with a lower rate was better than the 80/20 (no PMI) with the higher rate.

Basically, calculate and recalculate everything. With this program, without this program, with this interest rate, without, with PMI, without PMI, with this company's closing fees, with the other company's closing fees, etc.

It's a headache, but you'll figure out things little by little.

jk the sooner fan
12/27/2006, 10:57 PM
good advice from rhino

i have a VA loan, no such thing as PMI - i've got a 30 year fix on 5.75%........i wont be moving anytime soon! or refinancing! :)

Soonerus
12/27/2006, 11:04 PM
If you are looking in Norman I can tell who to contact...

C&CDean
12/28/2006, 02:01 PM
If you are looking in Norman I can tell who to contact...

I'm pretty sure Andy is heterosexual and isn't interested in dealing with IQueer Realty.

ChickSoonerFan
12/28/2006, 10:30 PM
Countrywide is very good.

BOK mortgage is the best in my opinion.

With your credit score you should be able to close within 30 days. If you do not want to close till mid-April, you have plenty of time.

Soonerus
12/28/2006, 11:29 PM
I'm pretty sure Andy is heterosexual and isn't interested in dealing with IQueer Realty.

You really have a chip on your shoulder...weird...I'm trying to help the guy and your spouting your normal immature humor...You should mind your own business...

olevetonahill
12/28/2006, 11:39 PM
Guess By gawd you got told, Dean
dont you know
The only one that can reply in a thread uninvited is Russell .
Shat try to keep up
He be the only one that knows stuff the rest of us is iggerant hillbillies ! :rolleyes:

Soonerus
12/28/2006, 11:41 PM
Guess By gawd you got told, Dean
dont you know
The only one that can reply in a thread uninvited is Russell .
Shat try to keep up
He be the only one that knows stuff the rest of us is iggerant hillbillies ! :rolleyes:

You certainly sound ignorant in that post...

olevetonahill
12/28/2006, 11:48 PM
I was talking to Dean Not you !
Mind your own business !

Soonerus
12/28/2006, 11:52 PM
Right, try to convince yourself of that...were you in the band with these guys, Is that why you always jump into discussions you are not part of ???

1stTimeCaller
12/28/2006, 11:54 PM
pay cash. Don't be a dummy.

Soonerus
12/28/2006, 11:58 PM
pay cash. Don't be a dummy.

One of few good deductions most of us have these days is the home mortgage interest deduction so paying cash is always good but you might be better off taking a mortgage whether you need it or not...but lots of good counter arguments for paying cash too...

olevetonahill
12/29/2006, 12:05 AM
pay cash. Don't be a dummy.
eggsacly pay cash, give your money to taxes not some dayun finance company

Soonerus
12/29/2006, 12:12 AM
I guess do what you think is the best for you...egg...

Soonerus
12/29/2006, 12:20 AM
can anyone derail a thread like Soonerus?

In all due respect I think C&C derailed this deal,I was simply trying to help the guy...

olevetonahill
12/29/2006, 12:23 AM
can anyone derail a thread like Soonerus?
hell I was talking To Dean and 1tc . and somebody interrupted UNINVITED .

Soonerus
12/29/2006, 12:28 AM
hell I was talking To Dean and 1tc . and somebody interrupted UNINVITED .

You were not even in the discussion in this thread, you are being less than sincere...and never answered the band question....

Rhino
12/29/2006, 01:23 AM
****ING A.

ARE WE IN ****ING THIRD GRADE?

1stTimeCaller
12/29/2006, 02:08 AM
guys, I was kidding about the cash comment. Andy has to get a loan to buy a candy bar.

ba dum dum chi

proud gonzo
12/29/2006, 02:34 AM
Right, try to convince yourself of that...were you in the band with these guys, Is that why you always jump into discussions you are not part of ???well geez, Russell--OUAndy, 1tc, and Rhino didn't invite you to the discussion either.

olevetonahill
12/29/2006, 03:14 AM
****ING A.

ARE WE IN ****ING THIRD GRADE?
russell aint . they burned down the school to get em out of the 3rd grade :D
sides its fun to yank his chain ;)

olevetonahill
12/29/2006, 03:15 AM
well geez, Russell--OUAndy, 1tc, and Rhino didn't invite you to the discussion either.
LMFAO
Ole russell jumps rite in , then screams " No one asked you " :eek: :eek: :eek: :eek: :eek: :D :D :D :D :D :D

C&CDean
12/29/2006, 09:46 AM
Russell,

You could help the whole board by keeping your discussion/comments to topics you are knowledgeable about. Which would mean you wouldn't comment on anything at all. We'd all pretty much thank you.

Howzit
12/29/2006, 10:04 AM
Do amoebas have vaginas?

C&CDean
12/29/2006, 10:24 AM
Amoebas have vaginas, parameciums have a penis...

Soonerus
12/29/2006, 10:30 AM
Russell,

You could help the whole board by keeping your discussion/comments to topics you are knowledgeable about. Which would mean you wouldn't comment on anything at all. We'd all pretty much thank you.

Thanks for the advice C&C, a/k/a Double Chip Dean...

Howzit
12/29/2006, 10:53 AM
I don't even get this.

also, look at my new sig.

'Cause...see...:les: THERE'S TWO CHIPS!!!!7

NormanPride
12/29/2006, 11:10 AM
http://www.graeters.com/images/cones_large/double_chocolate_chip.jpg

C&CDean
12/29/2006, 11:35 AM
Thanks for the advice C&C, a/k/a Double Chip Dean...

You're welcome. Now take it.