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JamesAltmann
Joined: 05 Oct 2010
Posts: 1
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| Posted: Tue Oct 05, 2010 11:45 pm Post subject: Fannie Mae loan from Chase. Good or bad? |
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I am looking to buy a home for the first time. I was presented with a 220-FNMA Conf Fixed mortgage from Chase. It's at a 3.5% fixed rate for 15 years. I did not ask the agent, but I am sure the FNMA is Fannie Mae. Is it risky receiving services from this corporation due to the recent economic problems?
At this point I still need to complete the Pre-Qualification. My credit score is 750 although my income isn't that high, so have a relative as a co-applicant.
Should I shop around for better deal or is this as good as it gets for me? |
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David
Joined: 19 May 2004
Posts: 754
Location: Atlanta, GA
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| Posted: Mon Oct 18, 2010 9:05 pm Post subject: |
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| What do you think about doing business with Chase? Does that make a difference to you? Maybe try to compare with a credit union where the person working there is not there to profit from you? |
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EricJ
Joined: 09 Jan 2009
Posts: 321
Location: New Jersey
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| Posted: Thu Oct 21, 2010 4:06 pm Post subject: |
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| You can still shop around. The rates will be similar. It will just come down to whether you want to do business with a large lender like Chase who does not value your business and provide quality customer service when you need it...OR a smaller lender who will treat you like family. |
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TimtheMortgageGuy
Joined: 16 Jan 2008
Posts: 96
Location: Rosemount, MN
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| Posted: Fri Oct 22, 2010 6:46 pm Post subject: |
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| No matter who you use the loan is likely to end up at Fannie Mae or Freddie Mac. |
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