Online applying for Mortgage

Anonymous — Tue, 07 Aug 2007 10:16:04 GMT

Hi,

I have an app't with the company that did my first/second mtg next week to refinance. Here's the stats:

1st approx 103,000 at 7% (?) interest only - prepay penalty is up end of August, rate adjusts in Sept.

2nd mtg approx 26,000 at 9% (?)

mtg broker told me he thought he could get home appraised at $140,000 (I live in an area with a lot of foreclosures)

Refinancing fee is $375 - I was told that when I made the app't and when I first got my mortgage, rate he said I'd probably get is 6.75 for 30 yr fixed, or could go one year arm at 5.25%

My fico scores EQ & EX are in 650's - TU is 684

Other debt approx $600 month

My minimum annual income is approx $65,000 to $70,000

My question is: is it good to also go online and check with other mortgage companies to compare? I don't want to hurt my credit score by having a lot of different people checking my account & I don't want to pay any fees to just apply.

Thanks for all your help! Lynn

Re: Online applying for Mortgage

Tuscani — Tue, 07 Aug 2007 17:59:06 GMT

Yes it is ok.. just do so within the INQ deduplication window (see Scoring 101 thread).

topic Online applying for Mortgage in Mortgage Loans

Online applying for Mortgage

Re: Online applying for Mortgage