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Updated almost 6 years ago on . Most recent reply

User Stats

87
Posts
21
Votes
Ty Ottaberry
  • Rental Property Investor
  • Gilmer tx
21
Votes |
87
Posts

Online mortgage,how to keep identity safe when applying online???

Ty Ottaberry
  • Rental Property Investor
  • Gilmer tx
Posted

I'm not the kind of person that always thanks that ''THe skY iS faLLiNg"  so to speak lol 

But online mortgage company's make me a bit nervous especially when they call from Wisconsin and the area code shows up as a local east Texas (903) # .   putting my SSN and info online or over the phone always gives me a bad feeling no matter what, its simply common sense 

There are Tones! of opportunities when it come to online lending but I want to make sure my info is safe before I go filling out . 

<I just put my 1st investment property under contract,..... fyi !!!its a home run location !!! lol pretty proud of this deal.  ,im self employed and just got turned down at a local bank here in Gilmer tx  ,my tax returns show that I don't make enough, my checking accounts shows other wise.  (*I was already educated befor hand and expecting this, so it did not come as some big surprise*) .,I have a great credit score... my bank that I have created a trusting relationship with for years has approved me with a good rate but they only do 15 year notes on commercial investment property's .15 years using 50% rule puts my cash flow at $50,   30yr note puts my cashflow at $150.

Of course I can go Bank hopping with a presentation ,that is definitely an option. I would like to try out my options online. Can anyone direct me to a good trusting online Mortgage Company that will lend as low at $50k Or give me some advice on what to watch out for when dealing with these online mortgage companies

I would like some real knowledgeable & experienced inputs on this one.  

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