Question: I am a first-time homebuyer, intrigued with the idea of getting my home loan > online since the rates I’ve come across are significantly lower than from > lenders in my area. Are there any pitfalls to getting a mortgage this way, > especially the first time?
> Thanks for any advice,
Answer: If you’re a 1st time homebuyer you should look into a program called “Bond Money”. It’s usually below the normal rate, and can even give (yes GIVE … as in FREE) your down payment or a good portion of it. We got $1,600.00 in down payment assistance FREE as a gift from HUD. We also got between a half and a full percentage point off the current rate. Check into it, you’ll be glad you did.
Related posts:
- Anyone use an online lender for mortgage?
- Dishonest Mortgage Lender – Allstate Funding
- RFI: Online mortgage companies
- Dishonest Mortgage Lender – Allstate Funding
- Avoiding PMI on new mortgage
- Paying for biweekly mortgage-payment program makes no sense
- Mortgage Interest……good grief!!!!
- True or false? Can I write my own mortgage? HELP
- refinance or recast mortgage?
- National City Mortgage duplicity
- Home Mortgage Help Please
- First time home buyers as well