First Time Home Buying

[TheRealDeal]

Does anyone do mortgage loans here? If so could you PM me I have some questions.

Thanks

(Cue Salty with some derailment )

[Kurb]

*points at Dimbee*

[TheRealDeal]

I guess I could have taken the extra step and went through the "What do you do" thread and just PMed someone myself huh?

It's Wednesday and I'm lazy and half my office is on vacation (I took mine last week like a dumbass) making me even more lazy. The Huddle better heat up today or I'm gonna lose it.

[Darth Biscuit]

Join a credit union if u haven't already. They typically have better mortgage deals.

[g5jamz]

Join a credit union if u haven't already. They typically have better mortgage deals.

Not necessarily...

in the case of the SECU, they are more conservative in their loan packages than say a BB&T or others.

[boo7382]

I know nothing about it, I can put you in the right direction as my moms used to do that sort of thing.

Congrats on buying your first home though!

[Kitten Diver]

Not necessarily...

in the case of the SECU, they are more conservative in their loan packages than say a BB&T or others.

I did SECU, yes they are conservative. I checked around and no one could match 0 down with No mortgage insurance, 4.75% 2yr arm(never to exceed 7, can only go up one 1% at a time) My brother in law does mortgages and told me if you're a member and a first time home buyer it can't be matched. If you're a vet or live in the country there will be other options too.

[Darth Biscuit]

Yeah, we've done two with SECU and both times they killed what the banks were offering.

[TheRealDeal]

I really wanna get some 0 down, that would make me really happy.

[The Saltman]

no derailment here.

[Squirrel]

I really wanna get some 0 down, that would make me really happy.

Join the military serve 3 years and use your VA loan.

[Darth Urious]

SECU isn't an option, as I think he lives in Cali... right?

[g5jamz]

I did SECU, yes they are conservative. I checked around and no one could match 0 down with No mortgage insurance, 4.75% 2yr arm(never to exceed 7, can only go up one 1% at a time) My brother in law does mortgages and told me if you're a member and a first time home buyer it can't be matched. If you're a vet or live in the country there will be other options too.

I should have prefaced it with ....ARMs they are good.

Fixed? Go elsewhere.

I hate ARMs. I like stability.

[TheRealDeal]

Yeah I'm in San Diego, CA. There are plenty of credit unions here that I'm going to look at joining. I don't putting money down but I have a feeling I'm going to need to do some work to the place and I'd like to have that cash handy.