New England Home Mortgage

I'm looking for info regarding a fixed-rate, low interest home loan.

I'd rather not inquire through a dozen different companies, right away, because they will all run a credit check. And every time your credit is checked, it looks bad on your credit. Sort of.

Thank you for any help or leads you can give me.

Actually, multiple credit checks within a short period of time don't really hurt your credit. The reporting agencies figure you are shopping for something and it usually only counts as one instance.

But to answer your real question: I would recommend Quicken Loans - they are the #1 online mortgage lender in the the country, and have extremely high client satisfaction (they say 9 of 10 clients refer their friends and family). They refinanced my mortgage in August, right when other mortgage companies were melting down, and it couldn't have gone more smoothly. They approved me quickly over the phone, and I closed in under three weeks.

You can check them out at quickenloans.com, play with the mortgage calculators to see how much house you can afford, and chat with a banker online. You can also pick up the phone to call them if you want. When my loan was in process my banker even gave me her cell phone, and I used it to ask her some questions when she was out of the office. Their service is great!

Check them out, you won't be sorry.

2007-09-26 19:30:47 by babyitsyou31

Go to a bank or building society and apply for one. There are also large national mortgage bankers in the UK, similar to the ones in the US.

Before you do it, though, there are some major differences in mortgage products and real estate law and practices in the UK. You need to get smart on them first before you start down the road to home ownership in the UK.

A good first step would be the local Citizens Advice Bureau. Ask anyone where the nearest one is; it's as much an institution as the local pub.

2006-07-11 17:12:52 by England Question

Price: $9.95 $9.95

Really want to buy a home, seen a beuatiful one for £109,000, reckon i could get it for £100,000.
Trouble is I only have a deposit of £3000.
Is this a dead loss or could i still get a mortgage given todays economic climate??
I can save a lot more, its just a really like it! Have good job with good income but have only recently started saving.

Most lenders want 20%. If you can't afford to save more than 3k you can't afford a house! Wait until prices drop some more and you have some proper money in the bank.

2008-11-16 11:11:02 by ames

I have bought my first home in South West Engalnd 1 month ago. I took "First Time Buyer" mortgage from HSBC. But unfortunately, my company suddenly asked me to work in East England for 1 or 2 years on an assignment. So till I complete the assignment, I would like to rent my property. I think I have to inform the bank to get permission. Do they charge Buy To Let rates in general ? As this is my first home, can the bank still consider me as First Time buyer only ? Will they cancel my mortgage ? It seems BTL interest rates are very high. I think I also have to change my home insurance policy. Is that correct ?

Read the contract but it should be fine.

Things will only go sour when you stop paying your mortgage lender.

Regarding the insurance. Yes you will need to inform your insurer.
(you become a landlord)
http://www.financecomparator.co.uk/busin ess_insurance.html

All the best.

2008-10-02 11:55:02 by ukguy

I`m an average home owner (120k 3 dedoom house)
I have a fixed rate mortgage.
Will a HMC affect me?
Does a HMC mean the house prices drop & intrest rates rise or is it vice versa or do both rise or other?

I have been a home owner in England UK for the last 7 yrs.
Should I be concerned if a HMC happens?

My understanding of the term "housing market crash" is that real estate loses, rather than gains, value and/or/because there are many more houses on the market than there are buyers.

If you are not planning on selling your home anytime soon, then the HMC shouldn't directly affect you - in the same way that a housing boom doesn't directly affect you if you don't sell your house.

Your property value may drop - but if you aren't selling, you can wait it out until prices rise again (assuming that they do.)

You may not be able to get home equity loans - because you won't have as much equity in your house.

But if you were just going to sit tight, then it shouldn't affect you.

If it triggers a recession, however, or if the HMC affect the larger economy in a big way, then you may see lower raises at work, more difficulty finding a job, etc.

Great question.

2008-02-12 05:57:46 by .