Applying for a home loan.
June 19, 2006 9:12 AM Subscribe
I am just starting the process of applying for a home loan. I've attended a first-time home buyer seminar in my city, read tons of books and have done my homework regarding mortgage options, home buying process, etc. I have an excellent credit score, and one debt (car payment), and make a decent salary. I've been advised to deal with a direct lender as I could get better rates, and fewer fees with them than through a mortgage broker. My problem is, I get virtually no response from the lenders. They take my information to start the pre-qual/pre-approval process, then nothing. They don't call back, and don't return my calls. This has happened 4 times in the last month. Has anyone else experience this? I live in Southern California (LA/Southbay area); do lenders here not need the business? I have never seen this issue addressed in home buying books or websites. Any insight, advice or recommenations?