I had a really good mortgage broker, who walked me through everything and got on the processing center when they were dragging their feet. I would never have chose B 0f A, but they have a first time buyer's program that is really good and saved me a lot of money in PMI.
2. Which ever bank you pick, plan on having a new mortgage bank
every year or 2. I think I'm on my 5th or 6th in the last 10 years. They only issue a mortgage to get the points up front and then sell the loan as soon as they can.
borrow from someone who will not sell your paper. we went to a local s&l and got 5 years then refiance but never over 7.5 for 30 years. plus they never sell paper. good luck never ever go to wells fargo!
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