Mortgage question?
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My husband and I are getting approved for a mortgage right now. Our interest rate would be 7.00% and it is a 30 year fixed loan. Is this a good interest rate? We have pretty good credit. The company has already pre-approved us for the loan. Now they want me to send additional information. Can they unapprove us after seeing our information? I have to send them bank statements and tax returns. Buying a house is really scary and we are unsure of what to think. Is there anything else I should worry about? Is quicken loans a good mortgage company? We are first time buyers.
Mortgage question?Answering line for each Q.
Not a great rate, not bad, just so so.
Yes, they can that's why they want to see it.
No quicken loans is not one I would recommend.
You need to have your real estate agent helping you with this. Do not take the first loan that comes to you like that over the net. It is most assuredly not the best loan you can get. Have your agent recommend someone for you to get with personally.
Mortgage question?First, 7% is too high. Go find a mortgage broker in your area. They will be able to help you.
Mortgage question?If you have good credit and told the truth on the loan application, I don't see a problem with you getting one. I think the interest rate is a bit high though. Perhaps you would like to make a few calls and see if you can better that rate. Even 1/4 percentage decrease over the life of the loan would mean a substantial savings. Best of luck to you.
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