Mortgage

Use a mortgage broker, so you're not stuck if something goes wrong. Our lender approved us, but a few days before closing, our lender rejected our building (don't ask) and our broker was able to replace the lender and still close within two weeks. The only additional paperwork was that we had to submit our most recent paystubs and bank balances, which would have been required at closing anyway. If we had had to start over with another bank, we would have lost our locked rate and would have had to get a new appraisal and re-approval, which would have added 30 to 60 days to the process.

Thanks for the tip. What rate did you get?

I got a 30 year mortgage last year and got the best rate from Wells Fargo. I worked with Thomas Imbo, who came highly recommended, and he was fantastic - could reach him at any time and held me hand going through process (first time buyer). His info is below. Good luck to you

Thomas Imbo
Home Mortgage Consultant
Wells Fargo Home Mortgage
532 Broadhollow Road
Suite 141
Melville, NY 11747
Direct: 631-752-4853
Mobile: 631-513-9091
Fax: 866-608-2519
E-mail: Thomas.Imbo@WellsFargo.com
Web Page: www.wfhm.com/thomas-imbo1

Mortgage Broker here, gives personalized service with lowest rates.

Ellen Silverman
E.S. Funding Co.
esfundingco@aol.com
Licensed Mortgage Broker (since 1990)
Licensed Real Estate Broker (since 1987)
NMLS# 60631
www.esfunding.instantlender.comn

I have posted before about my guy who is excellent. I don't get commission or anything like that, but am appreciative because he was very helpful.

He will be getting holiday cards from me for the next few years.

Jose Beccera
(212) 692-8460
Jose.M.Becerra@decapitalmortgage.com

in this market, go with a mortgage broker, not a mortgage banker (Wells). mortgage broker will have all your info and will have banks, who they deal with, accept the appraisal and other info they've gathered. so if a bank gets cold feet at the last second, you can get another bank to step in quickly.