Attorney · Forest Hills, NY · Member since 2019 · 73 posts · 57 votes
Hi everyone:
my girlfriend and I are first-time home-buyers interested in purchasing a multi-family home. We are currently looking for a good real- estate agent to work with. We are also for a mortgage lender to work with. Ideally, I would like to use an FHA loan in order to take a advantage of the low down payment. I came across biggerpockets while researching real-estate investing. Would anyone be able to provide some insight as to finding a good mortgage lender to work with? I was told that a good agent should have a list of people that he or she works with. We currently live in Jersey City and are looking to stay in the area. Any tips, advice, or insight would be greatly appreciated. Thank you!
my girlfriend and I are first-time home-buyers interested in purchasing a multi-family home. We are currently looking for a good real- estate agent to work with. We are also for a mortgage lender to work with. Ideally, I would like to use an FHA loan in order to take a advantage of the low down payment. I came across biggerpockets while researching real-estate investing. Would anyone be able to provide some insight as to finding a good mortgage lender to work with? I was told that a good agent should have a list of people that he or she works with. We currently live in Jersey City and are looking to stay in the area. Any tips, advice, or insight would be greatly appreciated. Thank you!
Welcome to the site Marky. You can setup keyword alerts for Jersey here on BP. That way anyone talks about Jersey you'll get a message. Makes it really easy to get a feel for the players in the area that are here on the site.
@Marky Suazo it depends on your situation. If you are looking for good rates, the best way is to shop around. Banks are doing promotions time to time. For example, recently I heard some banks are offering rate slightly below 4% for applicants having high credit scores and good LTV ratios, while most banks are doing 4.2%~ 4.5%. If you are more concerned whether the lender is able to close the loan, your real estate agent could recommend lenders they work with. They may not have the best rates but they are familiar with the area and more likely to close the loan.
I will message for an real estate agent recommendation.