How to get a Home Loan

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					                                        Presented by Daniel Toriola

    Mortgage lenders assess every factor that would affect your mortgage and hence you would have to comply by
    their criteria. Lenders consistently work to find options, including loan modifications, forbearance, repayment
                                                   plans, or short sales.
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           Where Can I Get a Home Loan? Here Are The Top 5 Mortgage Lending Institutions
                                                 By Syd Johnson

  Where Can I Get a Home Loan? Here Are The Top 5 Mortgage Lending Institutions
 by: Syd Johnson

There are hundreds of sources for home loans online and right in your neighborhood. Banks, Credit
Unions, Mortgage Bankers, Government Agencies and Private Sellers all offer different sources of
financing for anyone shopping for a mortgage.

Neighborhood Banks

One of the best resources for getting a home loan is your neighborhood bank. Depending on the
length of your relationship with the bank and the amount you have in you checking or savings account,
you might be sent out letters and emails inviting you to apply for a loan. If you are generally satisfied
with the quality of the service that you receive form your bank and they are offering a great interest
rate, don’t walk away.

Even if the offer is not quite what you’re looking for, walk into the nearest branch, and ask to speak to a
loan manager. Once you are there, make your case in person for why you would like a certain loan or
feel that you deserve a better interest rate. Most banks, especially the ones in larger cities, are part of
a larger conglomerate or depend on a large conglomerate to finance items such as a home loan. Go
through the process with the loan officer, but don’t be surprised if you don’t get an answer on the spot.
It might take a day or two.

Credit Unions

Some of the lowest rates on any type of loan product such as student loans, mortgages and personal
loans can be found through a credit union. If you are eligible to join a credit union, sign up and set up a
savings account with small monthly deposits. This way, you can use the resources of the credit union
when needed.

Mortgage Bankers

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                                                                                                                 Page 1
                                                Presented by Daniel Toriola

These firms deal exclusively with home loans and give you the widest possible selection of home loan
products. You can find local and national Mortgage Bankers by doing a quick search on Google or
Yahoo. Go to the website of several different firms, fill out an online application and you can be
approved in a few hours.

Government Agencies

The agencies that lend mortgage money include the Federal Housing Authority (FHA), Veteran’s
Administration (VA) and the Farmers Home Administration (FmHA). Contact each agency directly to
see if you meet their requirements.

Private Sellers

An often overlooked financing alternative is to see if you can lease a property from a homeowner with
an option to buy later on. If the homeowner has the resources, they can also finance your move in with
a low interest loan.

Check out these resources individually or discuss your options with a loan officer.

Syd Johnson is the Executive Editor of, Financial Solutions Website. You can see
more articles at

This article may be freely distributed as long as the author's bio is included with an active link to

Mortgage Loan Tips
Why some people almost always get the lowest interest rate on their mortgage - for the least points - and NO Junk Fees!
                                                                                                                          Page 2
                                                  Presented by Daniel Toriola

                                         How to Get the Most From Mortgage Brokers
                                                        By James Copper

Finding a home loan is a big deal. A home loan is going to be one of the biggest debts a person will
incur in their lifetime. That is why it deserves special attention. Almost any advice a person gets on
finding a home loan will include the tip to shop around for the best rates. That is because the interest
rate on such a large loan, like a home loan, can cost hundred of thousands of dollars. It is not cheap to
finance a home purchase. One way to get the best home loan rates is to try using a mortgage broker.

 A mortgage broker is someone who searches for home loans for the home buyer. The broker is
basically an insider in the industry. This means they have access to special deals and financing offers
that the home buyer may not have otherwise been able to find. Additionally, they often have good
relationships with lenders and can negotiate good deals for a home buyer.

 A mortgage broker is going to be able to help a home buyer by finding them the best deals.
Additionally, they are going to save the home buyer time because they are going to be doing the
searching and all the major work in finding the home loan.

 The broker is going to be able to also pre-qualify buyers. What this means is the home buyer gives
their information to the broker and the broker can fill in pre-applications with different lenders. They can
secure lending for the buyer and all the buyer needs to do is finalize once they accept the deal.

 A mortgage broker can be set up exclusively to find a home buyer their mortgage or they can be used
to just find good deals to offer the home buyer so they can look into them further.

 Home buyers have the option of using multiple brokers if they want. This is a great way to really find
the best deals and is especially useful for people who are going to have a hard time getting approved.
The brokers often know who will lend to those with bad credit or other situations that make securing a
loan difficult.

 Mortgage brokers work independently and sometimes directly for lenders. It can help to know which
kind of broker the home buyer is using. A broker that works for a specific lender is not going to search
around for different lenders, but rather just search their lending institutions options.

 Mortgage brokers can be found in a variety of places. A person can find them by calling lending
institutions. They can find then right in the yellow pages or they can do an online search for mortgage

 Using a mortgage broker is a great way to get the best home buying experience. A broker can simplify
the process and elevate a lot of stress. They can also help to speed things up and make things move
along quicker. A mortgage broker is well worth looking into when searching for a home loan.

James Copper is a writer for

Private Investor Lending
Private Investor lending program for loan officers.
                                                                                                          Page 3
                                             Presented by Daniel Toriola

Related eBooks:

How to Get the Most From Mortgage Brokers
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Comparing The True Cost Of Obtaining A Home Loan
Federal Government Loan Modification Program -- How Do You Qualify?

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