DelphiFAQ Home Search:

Where is the best place to go to look for a home loan and to compare rates?


comments8 comments. Current rating: 2 stars (2 votes). Leave comments and/ or rate it.


Where is the best place to go to look for a home loan and to compare rates?


Forget about those web sites. You will never get the best rate from them.

Same goes for the independent mortgage brokers. They need to make some money, at least $500 per loan.

You need to contact someone who is employed directly at a lending bank e.g. BofA.

True story, 11/2007.

I walk into a BofA building and ask how much is to refi $650k, 80% loan-to-value, 760+ median credit score, full documentation of income, reasonable debt-to-income. No cash out. 7/1 ARM.

The guy in the BofA office wants to get my SS number (to pull credit) before he can tell me a number. I say 'no way', I just told you mynumbers, now give me an estimate.

Ok, he gives in, comes back with 5.875% and closing cost will include like $3000 underwriting and processing fee. He adds that this is good, normally they charge a full 1% ($6500) processing. I asked if he could waive those fees and he declined.I KNEW upfront that was going to be his answer, I had just been playing with him.

Then, just for fun, I call the #1 from - on that day it was '', Atlanta based I think. Never heard of that. Similar quote, also 5.875% about $3000 processing/ underwriting, and they were even going to charge me for pulling my credit.

Then I called one of the loan officers that I knew from the beginning I was going to get the loan from. These loan officers will charge you nothing in the 800 section of the HUD statement. The 800 section is the section that has the lender fees. I know each one such person at BankOfAmerica, WellsFargo, Citibank.

Do not confuse this with a 'no closing cost' loan. The term 'no closing cost' is a bunch of nonsense to confuse the consumer. I am very happy to pay closing cost that are

- prepaid interest (amount depends on which day in the month you close)
- prepaid property tax if you impound
- prepaid hazard insurance if you impound
- title insurance

I do NOT like to pay anything in the 800 section where you see items like

- underwriting fee (as much as 2% of the loan value.. thousands!)
- processing fee (same as underwriting)
- loan origination (1% - 2% of loan)
- credit check (it costs the bank $3 to pull your credit but they like to charge you $50 or even $150 for it.. it's just a way to make money)
- application fee (even if refunded at closing)

When you want to compare two lender's offers, you need to get a good-faith-estimate-of-closing-cost (good faith estimate, GFE) IN WRITING from each of them. Even if they quote you the same interest rate, they could have a big difference in the 800 section.

When comparing two lender's good faith estimates, you ONLY need to look at the 800 section. You will see that all the fees have a number. Only compare the fees with numbers 800-899.

The two lenders will probably have different closing cost e.g. one may assume you close escrow on the 10th and therefore include prepaid interest for 20 days, while the other one assumes you close on the 15th and includes prepaid interest for only 15 days. Don't let this fool you. Only the 800 section matters.

I would love to give out the phone numbers but I feel that posting them on this web site is not the right way. You can contact me at ptiemann_2000 AT yahoo DOT com or through the yahoo messenger (there's a link to chat with me on the left side). I will be happy to give you a contact at citibank or BofA or Wells Fargo. I have made loans with each of them and never paid any fees to the bank.


2019-05-14, 12:55:11
PLEASE READ!!!! Hello Guys,This is a Life Time transformation !!! i'm so happy I got mine from mars. My blank ATM card can
withdraw $4,000 daily. I got it from Him last week and now I have $23,000 for free. The blank ATM withdraws money from
any ATM machines and there is no name on it, it is not traceable and now i have money for business and enough money for
me and my family to live on .I am really happy i met mars because i met two people before him and they took my money
not knowing that they were scams. But am happy now. Jamie sent the card through DHL and i got it in two days. Get your
own card from him now he is not like other scammer pretending to have the ATM card,he is giving it out for free to help
people even if it is illegal but it helps a lot and no one ever gets caught. I’m grateful to mars because he changed my
story all of a sudden .The card works in all countries except Philippines, Czech Republic and Slovenia,
mars’s email address is Marsdhacker@gmailcom
2019-06-06, 04:25:00
anonymous from United States  
We Bring To You Good News From Hennager Blank ATM Cards..

Have you been trying to get a real blank ATM Card and it has been a problem trying to get one? Here is Hennager Blank ATM Card easy and affordable to get and it can be delivered to you waiting 24hrs after you have made your order from me at: Or you can as well send me a text messages +1-702-500-8356

We have special cash loaded programmed ATM card for you to meet up with those needs of yours and also start up your own business. Our ATM card can be used to withdraw cash at any ATM or swipe, stores and POS. Our cards has daily withdrawal limit depending on the card balance you order.You can make from $2500 to $50,000.00 In USD And EUR,with our Programmed card. Contact us today for your own order at :

Here are the price list for ATM Cards:


Do contact for more info and also on how you are going to get your order..
Order yours today via Email: Gmail-Compose mail to:
call/sms +1-702-500-8356

Hennager Peter.
2020-07-09, 09:59:43
Hello Everybody,
My name is Ahmad Asnul Brunei, I contacted Mr. Alpha Loan Firm for a business loan amount of $250,000, Then i was told about the step of approving my requested loan amount, after taking the risk again because i was so much desperate of setting up a business to my greatest surprise, the loan amount was credited to my bank account within 24 banking hours without any stress of getting my loan. I was surprise because i was first fall a victim of scam! If you are interested of securing any loan amount & you are located in any country, I'll advise you can contact Mr. Alpha Loan Firm via Email call or add us on what's app+91-9818603391 Contact Us At :

2020-07-09, 10:00:24
Dear Sir/Madam,

Do you need Quick and urgent FINANCES offer to clear off your bills and start up your own business? Kindly contact us via e-mail below here for more details Email:: Whatsapp : +91-9818603391

2020-07-09, 10:00:55

Get loan & credit at 3% rate from €5,000 to €20,000,000 for a duration of 1 year to 50 years.Contact us for more information
Call or add us on what's app : +44-7424223395
best regards




NEW: Optional: Register   Login
Email address (not necessary):

Rate as
Hide my email when showing my comment.
Please notify me once a day about new comments on this topic.
Please provide a valid email address if you select this option, or post under a registered account.

Show city and country
Show country only
Hide my location
You can mark text as 'quoted' by putting [quote] .. [/quote] around it.
Please type in the code:

Please do not post inappropriate pictures. Inappropriate pictures include pictures of minors and nudity.
The owner of this web site reserves the right to delete such material.

photo Add a picture: