| Ask questions on journey to finding a good mortgage
Don't let your dream house remain a dream or be one that slips away, instead get smart about getting a good mortgage. Your first step to a more solid foundation is finding the right bank or mortgage company to ensure you're dealing with someone reputable. Dorothy Lofton, branch manager with New South Federal Savings Bank in Huntsville, recommends using a mortgage banker, which is typically indicated in the institution's name. Once you've narrowed down your choice of lenders, you start interviewing each loan officer, posing the following questions: How long have you been in the mortgage business? Will you make every effort to accurately put me in the right loan program? Will there be any obligation if I fill out an application? How long will it take to get a letter of approval? How soon can I lock in my interest rate, and for how long? What are the charges? Every lender basically has the same type closing costs, but they can differ substantially from lender to lender.
Story Inspires Wells Fargo Home Mortgage to Award Bloomington, Ill ...
BLOOMINGTON, Ill., March 30 /PRNewswire/ -- It's the classic story of achieving the American Dream: a young boy -- born in a small one-room, dirt- floor house with no electricity or running water -- spends much of his childhood laboring in the fields near his small Mexican village. As a teenager, he comes to the U.S. to attend school, learn English and find a job. As an adult, he is able to save enough to purchase his first home. Through a few more real estate investments, he begins to build the wealth for himself, his wife and two children that he couldn't possibly imagine as a small boy living in poverty. While it sounds like the next feel-good Hollywood box office hit, it's the real-life tale of Bloomington, Ill.'s Vicente Adame, and his story has inspired Wells Fargo Home Mortgage to award him with up to $250,000 after taxes for the purchase of a new home.
Goldman clears way for ABN Amro bid battle
Barclays bid for ABN Amro looked close to being countered today after Goldman Sachs freed itself up to advise Royal Bank of Scotland on a potential rival offer. Goldman Sachs has reportedly withdrawn from advising fellow Dutch bank ING, ABN’s largest single shareholder. The development was seen as clearing the way for Goldman to advise Royal Bank of Scotland if it goes ahead with a counterbid for ABN. Meanwhile the Dutch market regulator today confirmed it has held talks with Barclays over its potential bid for ABN. The confirmation signals that talks over the takeover are progressing ahead of an April 18 exclusivity deadline. .
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