(April 22, 2013 at 1:06 pm)thesummerqueen Wrote:(April 22, 2013 at 12:09 pm)A_Nony_Mouse Wrote: BTW: I never got a mortgage where I did my banking. The real estate agents do not make money unless the mortgage goes through. The agent can also give you a number to call to get the prime lending rate or can do it in the office on the speaker. So you will know the least it can be and not much more than half a point over that.
We're buying directly from his uncle, so agents are a non-issue. We're just looking to get the best rate possible. I don't bank with USAA - that's just where I get my loans and insurance from. He goes through SECU for everything, and they match or better almost all of my rates. My rates are better than others I'd get from competitors thanks to legacy through parents' insurances and good behavior. Just something to think about for me.
Although it violates the arm's length rule, use your uncle's bank which greatly simplifies any co-signer issue.