This is the best way to go about getting your San Antonio home mortgage loan.
When planning a home purchase, it’s best to find out what you can afford sooner than later. Any lender will pre-qualify you based on your family income, debt, and credit history.
To start, you might go to this site, enter the requested information, and get a rough estimate of how much you should be able to borrow. The site doesn’t link to other sources:
http://www.mortgagecalc.com/payment/howmuchborrow.html
Note that the site doesn’t have the ability to pull your credit score or to do the person-to-person dialogue essential to getting more definitive information about (1) the best type of loan that you should get under your given circumstances and (2) the best loan terms and conditions that a lender can offer to you. It takes talking with a lender to get that information.
You’ll find that lenders are more than eager to talk with you. They want your business. So, don’t be hesitant to call your bank, credit union, or a mortgage broker (like the ones at the end of this message).
By all means, shop your loan around. Get a good faith estimate from each lender you talk to and compare the rates and charges. You’ll likely find a lender that charges less and gives you better terms than the others. Also, if you find a lender you like personally, but that lender doesn’t offer the best deal, let him or her know and ask if you can get terms that are as good as, or better, than the best competitor.
I recommend you use a lender that has a loan officer actually located in San Antonio and, I recommend that you not use one of the on-line-lenders. Why? If you use an Internet lender, you’ll still get your mortgage loan, but might have problems with the lender’s responsiveness and punctuality when you close on the sale. I can better keep things moving for a buyer if I have a local person to complain to for delaying a closing.
Here, among dozens in town, are some lenders you might consider contacting (only because they’ve given good service to my past Buyers — I have no business affiliation with any of these folks). The listing order doesn’t indicate preference. They’ve all shown equal ability and have a record of quoting reasonable charges.
Veronica Clarke
Senior Loan Officer
Legacy Mutual Mortgage
2526 N. Loop 1604 W., Ste. 150
Office: (210) 492-4900
Cell: (210) 559-7999
E-Fax: (888) 881-2260
veronica@legacymutual.com
J.P. Watkins, Mortgage BrokerTrue Texas Lending, LLC
9311 San Pedro , Ste 100
San Antonio, TX 78216
Toll Free (1-800) 460-6990
Office: (210) 490-4253
Cell: (210) 837-3006
FAX: (210) 490-7253
Jpwatkins@truetexaslending.com
Shannon Collier
Senior Loan Officer
WR Starkey Mortgage
12500 San Pedro Ave, Ste. 100
San Antonio, TX 78216
Office: (210) 545-9300
Cell: (210) 725-8470
Fax: (866) 703-8734
scollier@wrstarkey.com
Please call or send an E-mail if you have questions, need San Antonio realty advice or assistance, or want to know the best ways and means to acquire a San Antonio area property.
Randall R. (Randy) Kelley
MS, BS, PA
San Antonio Realtor®
Internet Realty Services Advisor sanantoniohomequest.com
Keller Williams Legacy
(210) 863-2661 or 867-8743 or (800) 201-9145
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