Why do people fall for this crap ?
Shop by rate and you will find the biggest liar.
Dave,,,
I know that you know the industry, how could you be so foolish ?
What makes you think that an desk worker at a credit union has any more responsibility than a bank employee.
I continue to be amazed that otherwise intelligent people fall for the belief that “banks & CU’s” are giving away loans for free and using a mortgage broker is going to cost them more.
Cont..
“that Federal good-faith ESTIMATE form…specifying the terms originally agreed to”
Is there some misunderstanding about what the word ESTIMATE means ?? Have you ever read the print on a GFE that CLEARLY STATES these are ESTIMATES and your actual costs may be higher or lower.
For everybody who shops by rate and thinks that they know how to get the lowest rate and are finding the cheapest place to get your loan, you will probably end up with the biggest liar.
Dave, I probably could have completed your loan in 30 days or less at the same price you paid BofA.
And it means ABSOLUTELY NOTHING that a current loan is being serviced by a bank. Unless the old loan was an ARM, they probably didn’t own the loan and don’t give a crap about you and it doesn’t make an ounce of difference.
A new loan is a new loan and requires a complete new submission. Servicing the payment is not the same as owning your loan.
For 15 & 30 YR Fixed loans, banks are nothing more than mortgage brokers with the same underwriting guidelines.
Why are so many intelligent people so stubborn and foolish ?? Why don’t people want to listen to the truth ?
30 YR rates are available down to 4.25% with a cost again at the moment, if you qualify.
Warms my heart when I hear how great the service is from my competition. Shop for the person to do your loan and you might get the right rate along with service if you know how to shop…. Shop for the lowest rate and refer to the original post of this thread for what you can expect.
