Loan Officer Scare Tactic

[snail]

[quote=Diego Mamani]You can probably rent that “$450K” house for $2000/month, gardener and general maintenance included.

You should publish the loan agent’s email address so that piggintonians can “educate” her… [/quote]

But Jane says, you are throwing those $2000 to a trash can….why don’t just give it to her

[Operation]

Yeah, she’s a family friend. However, you can bet that after that email we won’t be using her professional services.

She sent a follow-up email an hour after that saying “oops that wasn’t supposed to go to you”.

Oops! I’ll be using someone else to take out a loan when all is said and done.

I usually prefer a little bit of a softer sell myself. Dinner, roses and some lube…

[Operation]

Yeah, she’s a family friend. However, you can bet that after that email we won’t be using her professional services.

She sent a follow-up email an hour after that saying “oops that wasn’t supposed to go to you”.

Oops! I’ll be using someone else to take out a loan when all is said and done.

I usually prefer a little bit of a softer sell myself. Dinner, roses and some lube…

[Operation]

Yeah, she’s a family friend. However, you can bet that after that email we won’t be using her professional services.

She sent a follow-up email an hour after that saying “oops that wasn’t supposed to go to you”.

Oops! I’ll be using someone else to take out a loan when all is said and done.

I usually prefer a little bit of a softer sell myself. Dinner, roses and some lube…

[Operation]

Yeah, she’s a family friend. However, you can bet that after that email we won’t be using her professional services.

She sent a follow-up email an hour after that saying “oops that wasn’t supposed to go to you”.

Oops! I’ll be using someone else to take out a loan when all is said and done.

I usually prefer a little bit of a softer sell myself. Dinner, roses and some lube…

[Operation]

Yeah, she’s a family friend. However, you can bet that after that email we won’t be using her professional services.

She sent a follow-up email an hour after that saying “oops that wasn’t supposed to go to you”.

Oops! I’ll be using someone else to take out a loan when all is said and done.

I usually prefer a little bit of a softer sell myself. Dinner, roses and some lube…

[drunkle]

“As Loan Officers we are not interested in having our income deferred. We want the loan to close NOW. Mr. & Mrs. Potential Home Buyer, you are failing to help stimulate the economy by not acting NOW – shame on you. ”

what audacity…

i stuck that through babelfish and oddly, this is what came out:

As Loan Sharks, we are not interested in having our rackets deferred. We want the money NOW. Mr. & Mrs. Potential Fucked Buyer, you are failing to help pay for my country club membership by not acting NOW – shame on you, you miserable loser!

[drunkle]

“As Loan Officers we are not interested in having our income deferred. We want the loan to close NOW. Mr. & Mrs. Potential Home Buyer, you are failing to help stimulate the economy by not acting NOW – shame on you. ”

what audacity…

i stuck that through babelfish and oddly, this is what came out:

As Loan Sharks, we are not interested in having our rackets deferred. We want the money NOW. Mr. & Mrs. Potential Fucked Buyer, you are failing to help pay for my country club membership by not acting NOW – shame on you, you miserable loser!

[drunkle]

“As Loan Officers we are not interested in having our income deferred. We want the loan to close NOW. Mr. & Mrs. Potential Home Buyer, you are failing to help stimulate the economy by not acting NOW – shame on you. ”

what audacity…

i stuck that through babelfish and oddly, this is what came out:

As Loan Sharks, we are not interested in having our rackets deferred. We want the money NOW. Mr. & Mrs. Potential Fucked Buyer, you are failing to help pay for my country club membership by not acting NOW – shame on you, you miserable loser!

[drunkle]

“As Loan Officers we are not interested in having our income deferred. We want the loan to close NOW. Mr. & Mrs. Potential Home Buyer, you are failing to help stimulate the economy by not acting NOW – shame on you. ”

what audacity…

i stuck that through babelfish and oddly, this is what came out:

As Loan Sharks, we are not interested in having our rackets deferred. We want the money NOW. Mr. & Mrs. Potential Fucked Buyer, you are failing to help pay for my country club membership by not acting NOW – shame on you, you miserable loser!

[drunkle]

“As Loan Officers we are not interested in having our income deferred. We want the loan to close NOW. Mr. & Mrs. Potential Home Buyer, you are failing to help stimulate the economy by not acting NOW – shame on you. ”

what audacity…

i stuck that through babelfish and oddly, this is what came out:

As Loan Sharks, we are not interested in having our rackets deferred. We want the money NOW. Mr. & Mrs. Potential Fucked Buyer, you are failing to help pay for my country club membership by not acting NOW – shame on you, you miserable loser!

[Bugs]

Imagine this scenario on a FHA purchase – a buyer purchasing a home today at $450,000 with 3% down. At today’s rate of 6.375%, the principal and interest payment (including the 1.50 up front MI financed) would be $2764.04. Down payment would be $13,500.

versus

A buyer holding off on their dream purchase in hopes of the market declining another 5%, or in comparison to above, the sales price now being $427,500. That’s nice but what if interest rates were to increase a ½% to 6.875%. The principal and interest payment would be $2764.98 ($0.94 higher). The down payment would be $12,825 ($675 less).

Notice the alternative in this scenario is limited to a 5% loss, and even that possibility is debated.

Let’s run the same alternative with a $100,000 discount, not a $22,500 (@5%) discount. Further, let’s say the interest rates go to 7%.

At that point, the downpayment will be $10,500, and the monthly – even with the higher interest rate – will be $2,315, a larger percentage of which will be eligible for tax writeoffs.

– Who’s to say that $450k home won’t decline lower than $350k?

– If I’m saving $100k on the principle and $2,500 on the downpayment, what the hell do I care if the seller doesn’t give me concessions.

– If I’m a renter I will have saved $6,200+ dollars in the last year for housing expenses PLUS the $100,000 decline by not being trigger happy. Go ahead, call me a renter; having profited by $106,200 that I didn’t lose I can afford it.

– As a home buyer, I’m not interested in losing $100k or more just so you can clear your Beemer payment this month. While we’re at it, I should be questioning YOUR patriotism due to your feeble attempts to prolong an adjustment cycle that would be better left alone.

[Bugs]

Imagine this scenario on a FHA purchase – a buyer purchasing a home today at $450,000 with 3% down. At today’s rate of 6.375%, the principal and interest payment (including the 1.50 up front MI financed) would be $2764.04. Down payment would be $13,500.

versus

A buyer holding off on their dream purchase in hopes of the market declining another 5%, or in comparison to above, the sales price now being $427,500. That’s nice but what if interest rates were to increase a ½% to 6.875%. The principal and interest payment would be $2764.98 ($0.94 higher). The down payment would be $12,825 ($675 less).

Notice the alternative in this scenario is limited to a 5% loss, and even that possibility is debated.

Let’s run the same alternative with a $100,000 discount, not a $22,500 (@5%) discount. Further, let’s say the interest rates go to 7%.

At that point, the downpayment will be $10,500, and the monthly – even with the higher interest rate – will be $2,315, a larger percentage of which will be eligible for tax writeoffs.

– Who’s to say that $450k home won’t decline lower than $350k?

– If I’m saving $100k on the principle and $2,500 on the downpayment, what the hell do I care if the seller doesn’t give me concessions.

– If I’m a renter I will have saved $6,200+ dollars in the last year for housing expenses PLUS the $100,000 decline by not being trigger happy. Go ahead, call me a renter; having profited by $106,200 that I didn’t lose I can afford it.

– As a home buyer, I’m not interested in losing $100k or more just so you can clear your Beemer payment this month. While we’re at it, I should be questioning YOUR patriotism due to your feeble attempts to prolong an adjustment cycle that would be better left alone.

[Bugs]

Imagine this scenario on a FHA purchase – a buyer purchasing a home today at $450,000 with 3% down. At today’s rate of 6.375%, the principal and interest payment (including the 1.50 up front MI financed) would be $2764.04. Down payment would be $13,500.

versus

A buyer holding off on their dream purchase in hopes of the market declining another 5%, or in comparison to above, the sales price now being $427,500. That’s nice but what if interest rates were to increase a ½% to 6.875%. The principal and interest payment would be $2764.98 ($0.94 higher). The down payment would be $12,825 ($675 less).

Notice the alternative in this scenario is limited to a 5% loss, and even that possibility is debated.

Let’s run the same alternative with a $100,000 discount, not a $22,500 (@5%) discount. Further, let’s say the interest rates go to 7%.

At that point, the downpayment will be $10,500, and the monthly – even with the higher interest rate – will be $2,315, a larger percentage of which will be eligible for tax writeoffs.

– Who’s to say that $450k home won’t decline lower than $350k?

– If I’m saving $100k on the principle and $2,500 on the downpayment, what the hell do I care if the seller doesn’t give me concessions.

– If I’m a renter I will have saved $6,200+ dollars in the last year for housing expenses PLUS the $100,000 decline by not being trigger happy. Go ahead, call me a renter; having profited by $106,200 that I didn’t lose I can afford it.

– As a home buyer, I’m not interested in losing $100k or more just so you can clear your Beemer payment this month. While we’re at it, I should be questioning YOUR patriotism due to your feeble attempts to prolong an adjustment cycle that would be better left alone.

[Bugs]

Imagine this scenario on a FHA purchase – a buyer purchasing a home today at $450,000 with 3% down. At today’s rate of 6.375%, the principal and interest payment (including the 1.50 up front MI financed) would be $2764.04. Down payment would be $13,500.

versus

A buyer holding off on their dream purchase in hopes of the market declining another 5%, or in comparison to above, the sales price now being $427,500. That’s nice but what if interest rates were to increase a ½% to 6.875%. The principal and interest payment would be $2764.98 ($0.94 higher). The down payment would be $12,825 ($675 less).

Notice the alternative in this scenario is limited to a 5% loss, and even that possibility is debated.

Let’s run the same alternative with a $100,000 discount, not a $22,500 (@5%) discount. Further, let’s say the interest rates go to 7%.

At that point, the downpayment will be $10,500, and the monthly – even with the higher interest rate – will be $2,315, a larger percentage of which will be eligible for tax writeoffs.

– Who’s to say that $450k home won’t decline lower than $350k?

– If I’m saving $100k on the principle and $2,500 on the downpayment, what the hell do I care if the seller doesn’t give me concessions.

– If I’m a renter I will have saved $6,200+ dollars in the last year for housing expenses PLUS the $100,000 decline by not being trigger happy. Go ahead, call me a renter; having profited by $106,200 that I didn’t lose I can afford it.

– As a home buyer, I’m not interested in losing $100k or more just so you can clear your Beemer payment this month. While we’re at it, I should be questioning YOUR patriotism due to your feeble attempts to prolong an adjustment cycle that would be better left alone.

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