A Apply Online Mortgages

A Apply Online Mortgages Facts

Popular Questions

can i apply for a mortgage online? if so who has the best rates and can you recommend a few? thanks

godged replied: "You can apply for a mortgage online, but there are downfalls. Some mortgage lenders will sell your information to other lenders, all who pull a credit score. If these credit checks are spaced out over a few weeks, your credit score could take a big hit. Also, internet lenders have little vested interest in making sure you are satisfied. What are the chances that you are going back to "Jill at BankAlpha" down the road? About zero, right? So, if they miss your closing date, miscalculate your closing costs or other ugly situations, they will apologize and move to the next loan on the pile. Local lenders want your repeat business and will work hard to make sure everything is correct and timely. Also, you need to compare much more than rates. Ignoring closing costs and transaction fees (guised by many different names and there can be a ton of them) can cost you thousands over the life of the loan. Choose wisely."

Carolinahomerates.com replied: "depends on what state you're in.....a lot of online lenders charge a lot of $$$"

Quicken Loans replied: "You can most certainly apply online. Isn't the Internet great? Check out the site before you get going, but large, national lenders' sites are very secure. Keep in mind, there's a difference in applying and inquiring. Most companies start with an inquiry, asking little information and then will contact you to get some more information before they put an option together for you. After that, the most cutting edge companies allow you to use E-Signature with your loan application. You can review and sign the documents with the click of your mouse. From there, you'll go through the approval process and hopefully start the refinance or purchase, I'm not sure which you are trying to do right now. I've included a couple links that will help you. Get in touch with me directly if you'd like. Good luck!"

What is the difference between the 2 rates given to you when applying for a mortgage? I apply online and I am offered something called: Rate 5.875% and APR (Annual Percentage Rate) 7.034% which one is "the one" or how they work. How can I calculate my monthly payment, taking into account the first one or the second one? Thank you for your help.

pyz01 replied: "Be careful here - it is a requirement to give you both of these rates for the following reasons: The rate is the real rate of your loan. While it look wonderful, the APR rate is the effective interest rate for the first year based upon the additional pre-paid points you are paying. Closing costs include some lender fees and other items. The lender fees are free pre-paid interest to the lender. They are tacked onto the closing and that is why the APR is so high for the first year. If this is what you truly want, then what you are actually doing is called "buying" down your rate. In other words, you are paying pre-paid up front additional fees to get a lower interest rate over the course of the whole loan. Make sure you check out both rates when you shop for mortgages and get the one that gives the best of both. PS -- Your monthly payment will be based upon the 5.875 interest rate + any escrow if you let them do escrow + any PMI if you have that as well. Good luck."

Carolinahomerates.com replied: "be careful ....normally the HIGHER the APR...the more you pay at closing. If this was a 30yr fixed...you shouldnt have more than a 6.25% APR...and also depends on loan amount.....but 7% is high.....sounds like an ARM"

anyone can recommend an online site to apply for a personal loan for a person with bad credit? i have been trying to get approved for a mortgage but with a low fico and no downpayment,its no happening. so i figured i would find a house w an option to buy which would give me and my familly time to clean up credit and still be in our own house. what do you think?

Is it possible to get a mortgage loan with poor credit? I filed bankruptcy about 4 years ago and my credit has been raising slowly. I pulled my credit report and found two medical collections against me that were not mine. I contacted the proper people and they agreed to remove them. Only one was removed and I have been trying for 6 months to get the other off. I have a letter stating they both were to be removed, but when applying for a mortgage online they pull my credit report and see a collection against me. My debt to income ratio is pretty low so I sould qualify for a home purchase loan, but I have been turned down by my credit union. Who offers home loans for people with credit problems?

bundygil replied: "Not this week. Two weeks ago there would've been no problem."

sortaclarksville replied: "I think the medical collection will hurt you less than the bankruptcy. You may eventually get a loan, but expect to pay around 9% or more."

Glennroid replied: "You do not need good credit for a mortgage. As long as you have a stable job, if you put enough down, you can get a loan. Remember that you'll probably pay a higher interest rate, but also remember that the bank owns the property. Home and car loans are the easiest because there is collateral. Bank don't make money unless they loan it out. Go for it."

Mike replied: "A month ago... maybe. But the sub-prime market has collapsed, they will not loan you money unless you have a large down payment (at least 20%) and even then, you will pay high interest."

stoptheBS replied: "Generally speaking a bankruptcy will hang around your neck for 7 years (at a minimum). Today, our economy and the entire housing industry is in the toilet because of high risk lending practices. With the mortgage industry going through the floor and foreclosures at an all time high, these banks have firmed up the loose lending practices and continue to do so. I seriously doubt, regardless of your debt to income ratio, that any bank will be doing business with you. If they do, you can virtually guarantee the interest rate is going to be high. Save your money and continue to work on building up your credit."

pooh replied: "have you listened to the news in the last couple of weeks? over the last few years banks have been handing out loans to just about anyone and are now getting screwed so it is getting harder and harder to get a loan, if you can wait a year or so to purchase a home you'll have an easier time getting financed because of all the forclosers the banks will want to off load these propertys."

JB replied: "Find yourself a company that will do a manually underwritten loan. I know churchhill mortgage does them, though I am not affiliated with them in any way."

samy replied: "yes. I found interesting information about your answer & the best options here. "

John replied: "There are many home loans companies but before you go for one apply online and get free quotes and then compare and gop for the loan. With bad credit it may be a little difficult but you will get one. To know more you can visit"

Need to get student loans, ideally by applying online tonight. Not sure where to go. Credit issues.? I am a 30 yr old single mom and am trying to go to school full-time to become a nurse, and work part-time. I need student loans to help me get throught he next 2 years of nursing school. My ex is on the verge of losing the house (I suspect) that I cosigned for with him. He's nearly 35 days late on the mortgage payment and I fear my excellent credit is going down the tubes. I'm thinking that maybe I should apply for a student loan right now, before he ruins my credit with a foreclosure (if that's what ends up happening) in the next couple of months. Where should I apply? Is this something I can do online? Any tips? I'm looking for low interest student loans that won't make me pay until I'm in the nursing feild making money in a couple years. Advice? Thanks!

Spam after filling out online mortgage requests? I use this email sparingly. I know that after I applied for "no obiligation" mortgage requests, that my email address is now being spammed. I KNOW that it was because of these mortgage things. They state "your email will not be used for any other purpose" blah blah... How do I report this? It really makes me mad that they can lie and say your email won't be used for anything else. If anything, let this be a warning to everyone--don't check mortgage rates or go into any of these ads that are the homepages of yahoo, aol, etc. They don't ask for your social security number or anything like that--but it's still frustrating to get emails that say "hey, take a look at my brother in law's wife-isn't she hot?"... Spam A-holes should be shot.

MLM replied: "Yes, you can get spam from many of these type of sites. Below are some tips to try and minimize spam. You shouldn't open unsolicted email from unknown sources. Often what happens is that when you open up spam, it sends back a trigger to the originating source indicating that a valid email address has been found thus subjecting you to even more spam down the road. Even using the preview pane in email products sends web beacons back to spammers.( ) Here are a few steps you can take to try and avoid spam. 1. Don't open unsolicited Spam. Often what happens is that when you open up spam, it sends back a trigger to the originating source indicating that a valid email address has been found thus subjecting you to even more spam down the road. 2. Don't use the Preview Pane for the same reasons as #1 3. Set you email options to accept mail from only people in your address book or safe lists. 4. Set some filters to automatically route spam to certain folders for easy deletion later. 5. Use a throwaway account for any online registrations you need such as news sites and contests, etc. Often these email addresses are sold to other places, particularly advertising firms. If the throwaway account gets over run, you can simply delete it and create another. 6. Use the BCC when composing emails and encourage your friends to do the same. What this does is protects mailing lists from email harvesters. 7. You can consider using a third party application such as SpamFighter (free version can only be used for 1 account and it is for Outlook and Outlook Express only) 8. Never reply to any spam email that you happen to open and receive for the same reason as #1 above. You can see more info at the webpage below: "

RT(R) replied: "ya..well even if you through a mortgage broker or bank, they sell your name anyways..so whatever. they did it to me and then denied it. so now i keep getting mail from insurance people and stuff like that with the mortgage companies name on it as lender! and they say they didnt have anything to do with it.please"

bootsareapacken replied: "Any thing to do with money or rates of any kind is a no, no as you have found out. Don't do credit ratings either. If you need that kind of info, go to your bank. If you don't have a particular bank, go to any bank. They will give you info your looking for. Just plain don't trust these sights. There always looking for something else. Take advertisements off your computer. Don't get tempted. I'm not an expert on the computer, but try tool bar for complaints. Know ones life is private anymore on or off the computer. I'm sure someone out there knows better than me. Thanks for the warning.....I'll shoot first before you or we could be a team. Any time."

i'm applying online to be a teller..but i dont know which to choose on this list because none say teller.. Job:category accounting/finance admintstrative support & services advertising & marketing analytics audit business banking business development commercial community relations/CRA compliance construction/design corporate communications customer service/call center deposit services government relations human resources information technology insurance internal consulting services internships investor relations legal lending loss management management trainee program policy project management property services/facilities public relations purchasing quality assurance retail banking/branches retail mortgage/sales risk management securities/financial services training/education transitional employee wire transfer operations Organization:level 1 card services CB distribution commercial corporate administrative office corporate HR credit risk enterprise-wide finance home loans legal marketing retail bank product & services technology

hirebookkeeper replied: "Retail banking/branches"

kat replied: "try retail banking and customer service. Good luck .. I am a teller and love it!"

Applying for a mortgage loan online?? Hello. I was wondering if I apply for a mortgage loan online, is this a preapproval type of thing only?? I mean will I be bound to this?? B/c u know they have so many rules that apply & clicking 'OK' is like your signature. I just want to see what I can get & try a few places first. Is that ok. Thank you. I will choose best answer. WOW thank u all very much! U guys really cleared that up :)

Applied for 175k mortgage, max loan amount for property is 168k? I tried to do an online mortgage approval through TD bank (previously Commerce) and got this message halfway through: "You requested a loan amount of $175,000.00. Based on the information you provided, the maximum loan amount allowed for the property you indicated is $168,850.00." What does this mean? That the house isnt worth 175k?

chatsplas replied: "Could be, though that would wait for the appraisal. Means more likely you need a down payment. Can't get a 100% loan, a 0% down loan nowadays, and they're a terrible idea, anyway. FHA requires you come up with 3.5% down payment minimum, and conventional loans require 10% down minimum. With 20% down you avoid extra cost of PMI and avoid paying extra interest over the life of the loan."

FLRealtorCB replied: "It means that based on that particular computer's software, they are saying the home is only worth most likely 20% over the $168,850 they are willing to lend on that property. The home is worth more than $175k, but they are only willing to lend up to $168,850. Most of the times, those computers are low on home values, as well as you can usually find some better deals by dealing directly with a mortgage lender instead of an automated system. If you need a loan for $175k call up a bank or contact your Realtor and see what they can do for you, don't simply rely on a website."

Expert Realtor replied: "This is exactly why I won't work with clients that use online lenders...because there is no one you can ask questions to. 1. It could mean you don't qualify for over a certain percentage of the loan-to-value of the home. 2. It could loosely be attached to the value..but since there is no appraisal, I doubt it. 3. The max could be the max you are qualified to borrower."

Gerry replied: "Hello, I am answering your dire need of a loan because we can help you secure the loan you need.This is a registered,certfied and government approved lending company.We offer loan at a very convinient interest rate 3%,and loan offer ranges from $2,000 to $650,000.Have you been scammed,worry no more as we are here to give you the right answer to your financial problems.Why suffer in silence when you can come out of it by getting that assistance from us.Apply today and receive your loan in three working days to boost your financial status.Interested persons should contact us for more informations via :serviceonlineloan@ymail.com Full Name.......... County........... State/Province........... Sex............. Age..................... Monthly Income................ Amount Needed............... Duration.................. Phone Number.......................... Thanks, Rosie Henry."

Noneya replied: "It means that you will need the FHA required 3.5% down. Take $175,000.00 x 96.5% and you get $168,875.00 so this is just indicating that the maximum loan amount available is based on the FHA loan program which requires 3.5% down."

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