Return-Path: Received: from H.GP.CS.CMU.EDU by K.GP.CS.CMU.EDU id aa19685; 18 Sep 95 16:18:12 EDT Date: Mon, 18 Sep 95 16:09:14 EDT From: Sanjiv.Singh@H.GP.CS.CMU.EDU To: bovik@cs.cmu.edu Subject: Mortgage Brokers If you are looking for a mortgage to buy a home, I reccomend you go to a broker. It is a much better idea than going to a single lender one at a time. This is because if you go to the lender directly (such as PNC Bank or Chase home Mortgage), you will spend much time filling out the forms (each one has a different set of forms to fill) and paying what could be a considerable amount of money. Chase asked for a $450 application fee, told me that I qualified for refinancing and then later declined my application and refused to return the application fee. I went through the same kind of rigamarole with PNC bank. I didn't pony up the application fee but it took weeks before they told me I was not eligible. I am not sure why it took so long... perhaps I just got an incompentent loan officer. I finally did my financing with a mortgage broker called United Financial Technologies (934-1420). Sandy Rocco turned me on to them and I am a happy customer. I am currently looking at getting another loan and am working with Paula Cook who is very professional and really knows the business. If you are a techie and insist on hunting for mortgages on the net, check out: http://www.homefair.com/homefair/mortgage.html -Sanjiv