Mortgage Rates

[Chris Scoreboard Johnston]

Thanks for your thoughts on that HLS.

It does seem to me though that if you could get a rate that was the same as elsewhere where costs and points applied, and get that rate without the same costs and points by somebody doing this, that you would in fact be getting a better deal. In the future if I run into this on my loans I will look very carefully, and will also give you a shot at doing my business also. I am probably a year out from doing either a refi or buying an additional home.

Thanks

[HLS]

Chris,,
Perhaps I am not understanding your question.

If you want a credit/kickback, the rate is going to be higher than it should be, so the payment will be higher FOREVER, costing a fotune for a loan held 360 months…

The money to pay title, escrow, underwriter, notary, recording etc, has to come from somewhere.
It’s not free. If there is no upfront costs, then it’s built into the higher rate/higher payment, as long as you keep that loan.

It’s worse than pay now OR pay later. Instead of paying $1 now you may pay $3 or $4 later.

Send me an email if you want to continue this, we can talk and I’ll use some actual numbers as an example, and perhaps understand your thoughts on this… HLS

[HLS]

Chris,,
Perhaps I am not understanding your question.

If you want a credit/kickback, the rate is going to be higher than it should be, so the payment will be higher FOREVER, costing a fotune for a loan held 360 months…

The money to pay title, escrow, underwriter, notary, recording etc, has to come from somewhere.
It’s not free. If there is no upfront costs, then it’s built into the higher rate/higher payment, as long as you keep that loan.

It’s worse than pay now OR pay later. Instead of paying $1 now you may pay $3 or $4 later.

Send me an email if you want to continue this, we can talk and I’ll use some actual numbers as an example, and perhaps understand your thoughts on this… HLS

[HLS]

Chris,,
Perhaps I am not understanding your question.

If you want a credit/kickback, the rate is going to be higher than it should be, so the payment will be higher FOREVER, costing a fotune for a loan held 360 months…

The money to pay title, escrow, underwriter, notary, recording etc, has to come from somewhere.
It’s not free. If there is no upfront costs, then it’s built into the higher rate/higher payment, as long as you keep that loan.

It’s worse than pay now OR pay later. Instead of paying $1 now you may pay $3 or $4 later.

Send me an email if you want to continue this, we can talk and I’ll use some actual numbers as an example, and perhaps understand your thoughts on this… HLS

[HLS]

Chris,,
Perhaps I am not understanding your question.

If you want a credit/kickback, the rate is going to be higher than it should be, so the payment will be higher FOREVER, costing a fotune for a loan held 360 months…

The money to pay title, escrow, underwriter, notary, recording etc, has to come from somewhere.
It’s not free. If there is no upfront costs, then it’s built into the higher rate/higher payment, as long as you keep that loan.

It’s worse than pay now OR pay later. Instead of paying $1 now you may pay $3 or $4 later.

Send me an email if you want to continue this, we can talk and I’ll use some actual numbers as an example, and perhaps understand your thoughts on this… HLS

[HLS]

Chris,,
Perhaps I am not understanding your question.

If you want a credit/kickback, the rate is going to be higher than it should be, so the payment will be higher FOREVER, costing a fotune for a loan held 360 months…

The money to pay title, escrow, underwriter, notary, recording etc, has to come from somewhere.
It’s not free. If there is no upfront costs, then it’s built into the higher rate/higher payment, as long as you keep that loan.

It’s worse than pay now OR pay later. Instead of paying $1 now you may pay $3 or $4 later.

Send me an email if you want to continue this, we can talk and I’ll use some actual numbers as an example, and perhaps understand your thoughts on this… HLS

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