Do you recommend the BIG Internet mortgage companies?

Question

Quicken, Lending Tree......?

Answer 1

not really because you will be hounded by brokers from all over the country for your loan. Get someone local that you can trust

I am a mortgage banker in Tn & KY

Answer 2

No. You need to see a person face to face. Especially not Ditech. Big ripoff. When you are talking about a long term committment like a mortage. you should be able to shake the persons hand. You should be able to go into their office. You need to look at the papers in person face to face.

Plus you will be harrassed.

Answer 3

Dude, just go to whomever give the best rate with the lowest fees.  

The trick Ive found, and Im sure it would work extremely well right now, is start working with like 2 big internet companies that have great rates and low fees and 2 local people who have access to smaller, more flexible programs.  It is a bit of work, but then just take whichever offer comes back best to the other 3 and tell them you had a better offer come up and they will need to beat it to win your business.  If you really want to be a jerk, take the best of those offers and bring it back to the original one to get a better deal from them and just keep doing it until they start dropping out.  Let them fight for the business.  

I did it on my last house (purchased about a year ago) and we went from a 6.75 rate with costs of around 8000 to them paying all of our costs and a 5.325 rate.  The lady who ended up doing the loan actually put a good chunk of her commission into the fees on the loan just to get it finished.  Its what those crooked people deserve.