tag:blogger.com,1999:blog-6832486.post842247148504848456..comments2024-02-29T04:02:48.619-05:00Comments on keeping feet: carefully & thoughtfullyJoannahttp://www.blogger.com/profile/12937512054883534573noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6832486.post-73720588672208466332007-07-30T15:23:00.000-04:002007-07-30T15:23:00.000-04:00Congrats! Most importantly, congrats on approachi...Congrats! Most importantly, congrats on approaching the house thing so responsibly. It's a good feeling to pleasantly surprise someone when they see your credit report. <BR/><BR/>As for the mortgage thing, I've found that they get "sold" on a fairly regular basis. In fact, we've had one that got sold multiple times. From what I've seen, it doesn't change your rate or your payment (as long as your on time with your payments). It does mean you have someone else to call if there's a problem and it changes the customer service aspect of the mortgage. But I try not to talk with them any more than I have to, anyway.<BR/><BR/>It sounds like the mortgage guy mentioned PMI if you're looking at a loan w/o the 20% down. It's good that they were upfront about that but it's still a silly thing...the buyer pays money to protect the lender in the event that the buyer doesn't pay back the loan. Crazy.<BR/><BR/>Watch out for the points, too. I don't know much about them but I think it's basically pre-paying interest. I'm pretty sure Dave Ramsey isn't fond of them.<BR/><BR/>Good luck.RetroBretthttps://www.blogger.com/profile/12763591829104580160noreply@blogger.comtag:blogger.com,1999:blog-6832486.post-16752245301167117382007-07-30T12:30:00.000-04:002007-07-30T12:30:00.000-04:00Just a suggestions having been through this proces...Just a suggestions having been through this process twice now. Make sure whomever you buy your mortgage from is going to keep it. The mortgage on our second house was sold to a great company but we were lucky. We have been with both Chase and Countrywide and they keep their mortgages. Your rate will be about the same no matter who you finance through so research your mortgage holder.Anonymousnoreply@blogger.com