I have  client who was supposed to close on their loan on June 30th and they are still waiting. The reason? The home they are buying is owned by a trust. I don’t want to get into what a trust is except to say that people set up trusts so that when someone dies they can avoid probate and the trust can sell or transfer the property to whomever.

It is not very complicated, the transaction is the same as any other. Except the lender is making it soooo difficult, requesting one stupid document after another, none of which really have anything to do with trust. The latest request is that the bank would now like a copy of the the sellers death certificate. First of all — the seller is the trust (They Know that), secondly, do they not believe that the person actually died????? Can you tell that I am a little P O’d?

I guess, my advice to you is that if you are in the process of buying a home, make sure all your ducks are in a row and your loan is cleared to close well ahead of the closing date. In this day and age you never know what kind of crazy conditions the lender will require before they actually lend you the money.

Avoid and complications and  Get Your Approval Completed Quickly At Lending Tree

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Gov Mortgage LoanSecrets That Lenders Don’t
Want You To Know That Will All But Insure That You
Get the Best Deal When You Refinance

Don’t Make The Same Mistakes That People Who Get Ripped Off Make. Follow These Tips And You Can Save Thousands Of Dollars On Your Gov Mortgage Refinance.

You are going to hear a lot of advice  from a lot of people — Most of them are shifty-eyed mortgage salesmen trying to get their greedy hands on your loan.

But if you want to avoid the over-payment trap that many Americans fall into when they shop for a gov mortgage than you must follow this advice.

What I am about to spell out, are not mere suggestions, but they are mandatory steps that you must take to avoid getting ripped off.

FHA Loans Are Great For Consumers Because They Are EASIER TO QUALIFY FOR. And The Rates Are Pretty Darn Good Too.

But many people think that if they get a gov mortgage, an FHA loan or a VA loan that the government is actually giving you a loan.

This could not be further from the truth.

Government loans are handed out by the same greedy bankers that give out all the other mortgages. The only difference is that a government loan is guaranteed by Uncle Sam.

Meaning that if you stop paying the loan, the folks in Washington pay the bank for any losses they might incur.

So the difference between a regular mortgage and an FHA loan is practically nothing. The guys who were responsible for this hell of a mess that we are in right now are the same guys who are now handing out all these FHA Loans.

And believe me, they are just as greedy today as they ever were. They can make as much or more profit from FHA loans as they do from conventional loans.

So how do you protect yourself?

Obtain Information from Several Lenders

Home loans are available from several types of lenders, commercial banks, mortgage companies, and credit unions. Different lenders may quote you different prices, so you should contact several lenders to make sure you’re getting the best price.

Obtain All Important Cost Information Up Front

Be sure to get information about from several lenders or brokers. Know how much of a down payment you can afford, and find out all the costs involved in the loan. Knowing just the amount of the monthly payment or the interest rate is not enough. Ask for information about the same loan amount, loan term, and type of loan so that you can compare interest rates the information.

You want to look at several lenders and compare the interest rate, points and fees.

Check The Fees

A home loan often involves many fees, such as loan origination or underwriting fees, broker fees, and transaction, settlement, and closing costs. Every lender or broker should be able to give you an estimate of its fees. Many of these fees are bogus and can be reduced or eliminated.

Obtain the Best Deal That You Can

Once you know what each lender has to offer, negotiate for the best deal that you can. On any given day, lenders and brokers may offer different prices for the same loan terms to different consumers, even if those consumers have the same loan qualifications. The most likely reason for this difference in price is that smart consumers negotiate better terms.

Who To Call To Get The Best Deal On A Gov Mortgage

With so much at stake, you should always seek the advice of trusted professionals. We believe that information is power and that you should obtain as much information as you can.

A great place to start would be through a company such as LendingTree Mortgage Loans . They are great because they are able to get multiple government loan offers for you by filling out simple form.

With Lending Tree,  You Have The Ability To Look At All The Offers Side By Side And Get Down To Some Serious Negotiating.

Also, they are great because you don’t want to have a bunch of companies pulling your credit report over and over again.

The more times your credit report is pulled — The lower your credit score will drop. That does not happen with Lending Tree.

It doesn’t cost a dime to get your quotes — And They have the biggest and most stable banks in the country on their roster which means you won’t be dealing with any fly-by-night banks that will disappear tomorrow.

So we like Lending Tree because –

1) They Are Trusted

2) They Are Easy To Work With

30 They Have The Best Banks In The Country

4) It Costs Nothing To Get You Quotes From Many Lenders That You Can Compare.

I am confident that the information that we provided here for you will help you get a great deal on a government loan or a conventional loan. Follow the steps that I have outlined and you can’t go wrong.

For Your convenience, we have put the lending Tree Form Below.