Need to lock…what are rates doing out there experts?

[waiting hawk]

[quote=danielwis]HLS you typed a bunch of hot air, and not much else.

There is nothing a mortgage broker can do that you can’t do for your self. I’ve gotten screwed by a mortgage broker on a purchase. On the other two, I found that I could and did do better than what they quoted.

Of course you can’t compare yesterdays rates to todays. Who said that? Of course rates depend on your credit score. Who said they didn’t? You threw a bunch of crap out there to try and make yourself sound “smart”. You failed.

Shop around and you’ll do your self well. Ignore the hot air that insist you use a broker.[/quote]

All 3 houses I bought I posted the scenerio of downpayment, ficos, purchase cost, and state on brokeroutpost.com forum where hundreds of brokers viewed the post and not 1 ever said “I can beat them”. Retail was the way to go for me. May not be the same for all but was for me.

[danielwis]

[quote=waiting hawk][quote=danielwis]HLS you typed a bunch of hot air, and not much else.

There is nothing a mortgage broker can do that you can’t do for your self. I’ve gotten screwed by a mortgage broker on a purchase. On the other two, I found that I could and did do better than what they quoted.

Of course you can’t compare yesterdays rates to todays. Who said that? Of course rates depend on your credit score. Who said they didn’t? You threw a bunch of crap out there to try and make yourself sound “smart”. You failed.

Shop around and you’ll do your self well. Ignore the hot air that insist you use a broker.[/quote]

All 3 houses I bought I posted the scenerio of downpayment, ficos, purchase cost, and state on brokeroutpost.com forum where hundreds of brokers viewed the post and not 1 ever said “I can beat them”. Retail was the way to go for me. May not be the same for all but was for me.[/quote]

I agree. No sure way for all. I guess the point is, if you have questions regarding your mortgage broker, take a few minutes to call some lending institutions and see if he/she is in the ball park, or to see if you can do better on your own. Its not difficult or time consuming, and could save you thousands of dollars over the life of the loan. For those that would rather let the broker handle it without question, then I guess that works fine for them.

[danielwis]

[quote=waiting hawk][quote=danielwis]HLS you typed a bunch of hot air, and not much else.

There is nothing a mortgage broker can do that you can’t do for your self. I’ve gotten screwed by a mortgage broker on a purchase. On the other two, I found that I could and did do better than what they quoted.

Of course you can’t compare yesterdays rates to todays. Who said that? Of course rates depend on your credit score. Who said they didn’t? You threw a bunch of crap out there to try and make yourself sound “smart”. You failed.

Shop around and you’ll do your self well. Ignore the hot air that insist you use a broker.[/quote]

All 3 houses I bought I posted the scenerio of downpayment, ficos, purchase cost, and state on brokeroutpost.com forum where hundreds of brokers viewed the post and not 1 ever said “I can beat them”. Retail was the way to go for me. May not be the same for all but was for me.[/quote]

I agree. No sure way for all. I guess the point is, if you have questions regarding your mortgage broker, take a few minutes to call some lending institutions and see if he/she is in the ball park, or to see if you can do better on your own. Its not difficult or time consuming, and could save you thousands of dollars over the life of the loan. For those that would rather let the broker handle it without question, then I guess that works fine for them.

[danielwis]

[quote=waiting hawk][quote=danielwis]HLS you typed a bunch of hot air, and not much else.

There is nothing a mortgage broker can do that you can’t do for your self. I’ve gotten screwed by a mortgage broker on a purchase. On the other two, I found that I could and did do better than what they quoted.

Of course you can’t compare yesterdays rates to todays. Who said that? Of course rates depend on your credit score. Who said they didn’t? You threw a bunch of crap out there to try and make yourself sound “smart”. You failed.

Shop around and you’ll do your self well. Ignore the hot air that insist you use a broker.[/quote]

All 3 houses I bought I posted the scenerio of downpayment, ficos, purchase cost, and state on brokeroutpost.com forum where hundreds of brokers viewed the post and not 1 ever said “I can beat them”. Retail was the way to go for me. May not be the same for all but was for me.[/quote]

I agree. No sure way for all. I guess the point is, if you have questions regarding your mortgage broker, take a few minutes to call some lending institutions and see if he/she is in the ball park, or to see if you can do better on your own. Its not difficult or time consuming, and could save you thousands of dollars over the life of the loan. For those that would rather let the broker handle it without question, then I guess that works fine for them.

[danielwis]

[quote=waiting hawk][quote=danielwis]HLS you typed a bunch of hot air, and not much else.

There is nothing a mortgage broker can do that you can’t do for your self. I’ve gotten screwed by a mortgage broker on a purchase. On the other two, I found that I could and did do better than what they quoted.

Of course you can’t compare yesterdays rates to todays. Who said that? Of course rates depend on your credit score. Who said they didn’t? You threw a bunch of crap out there to try and make yourself sound “smart”. You failed.

Shop around and you’ll do your self well. Ignore the hot air that insist you use a broker.[/quote]

All 3 houses I bought I posted the scenerio of downpayment, ficos, purchase cost, and state on brokeroutpost.com forum where hundreds of brokers viewed the post and not 1 ever said “I can beat them”. Retail was the way to go for me. May not be the same for all but was for me.[/quote]

I agree. No sure way for all. I guess the point is, if you have questions regarding your mortgage broker, take a few minutes to call some lending institutions and see if he/she is in the ball park, or to see if you can do better on your own. Its not difficult or time consuming, and could save you thousands of dollars over the life of the loan. For those that would rather let the broker handle it without question, then I guess that works fine for them.

[danielwis]

[quote=waiting hawk][quote=danielwis]HLS you typed a bunch of hot air, and not much else.

There is nothing a mortgage broker can do that you can’t do for your self. I’ve gotten screwed by a mortgage broker on a purchase. On the other two, I found that I could and did do better than what they quoted.

Of course you can’t compare yesterdays rates to todays. Who said that? Of course rates depend on your credit score. Who said they didn’t? You threw a bunch of crap out there to try and make yourself sound “smart”. You failed.

Shop around and you’ll do your self well. Ignore the hot air that insist you use a broker.[/quote]

All 3 houses I bought I posted the scenerio of downpayment, ficos, purchase cost, and state on brokeroutpost.com forum where hundreds of brokers viewed the post and not 1 ever said “I can beat them”. Retail was the way to go for me. May not be the same for all but was for me.[/quote]

I agree. No sure way for all. I guess the point is, if you have questions regarding your mortgage broker, take a few minutes to call some lending institutions and see if he/she is in the ball park, or to see if you can do better on your own. Its not difficult or time consuming, and could save you thousands of dollars over the life of the loan. For those that would rather let the broker handle it without question, then I guess that works fine for them.

[HLS]

Daniel, you’ve got all of 10 days on this site and are now the resident expert on mortgages. I’m real impressed with your resume.

I don’t know what is sadder:
The fact that you think that you know what you are talking about
OR
That someone may actually listen to you.

I never said that a broker will always beat other options but you don’t even understand that in most cases banks are mortgage brokers and perform the same function, often with employees that are clueless to explain other options that may be better.

When the “know it all” rate shoppers show up just thinking that they are getting the lowest rate possible, that’s when the real fun begins, and loans often can’t close.

I spoke to someone today that is having a HUGE problem with AIM, and he can’t get his phone calls returned. He regrets his decision now. He may lose his lock and the home.

My hot air can actually get someone a loan, your experience was fine for you, but pointless otherwise. It’s never been more difficult to get a loan through any lender, and the lowest/cheapest means nothing if the loan can’t close.

[HLS]

Daniel, you’ve got all of 10 days on this site and are now the resident expert on mortgages. I’m real impressed with your resume.

I don’t know what is sadder:
The fact that you think that you know what you are talking about
OR
That someone may actually listen to you.

I never said that a broker will always beat other options but you don’t even understand that in most cases banks are mortgage brokers and perform the same function, often with employees that are clueless to explain other options that may be better.

When the “know it all” rate shoppers show up just thinking that they are getting the lowest rate possible, that’s when the real fun begins, and loans often can’t close.

I spoke to someone today that is having a HUGE problem with AIM, and he can’t get his phone calls returned. He regrets his decision now. He may lose his lock and the home.

My hot air can actually get someone a loan, your experience was fine for you, but pointless otherwise. It’s never been more difficult to get a loan through any lender, and the lowest/cheapest means nothing if the loan can’t close.

[HLS]

Daniel, you’ve got all of 10 days on this site and are now the resident expert on mortgages. I’m real impressed with your resume.

I don’t know what is sadder:
The fact that you think that you know what you are talking about
OR
That someone may actually listen to you.

I never said that a broker will always beat other options but you don’t even understand that in most cases banks are mortgage brokers and perform the same function, often with employees that are clueless to explain other options that may be better.

When the “know it all” rate shoppers show up just thinking that they are getting the lowest rate possible, that’s when the real fun begins, and loans often can’t close.

I spoke to someone today that is having a HUGE problem with AIM, and he can’t get his phone calls returned. He regrets his decision now. He may lose his lock and the home.

My hot air can actually get someone a loan, your experience was fine for you, but pointless otherwise. It’s never been more difficult to get a loan through any lender, and the lowest/cheapest means nothing if the loan can’t close.

[HLS]

Daniel, you’ve got all of 10 days on this site and are now the resident expert on mortgages. I’m real impressed with your resume.

I don’t know what is sadder:
The fact that you think that you know what you are talking about
OR
That someone may actually listen to you.

I never said that a broker will always beat other options but you don’t even understand that in most cases banks are mortgage brokers and perform the same function, often with employees that are clueless to explain other options that may be better.

When the “know it all” rate shoppers show up just thinking that they are getting the lowest rate possible, that’s when the real fun begins, and loans often can’t close.

I spoke to someone today that is having a HUGE problem with AIM, and he can’t get his phone calls returned. He regrets his decision now. He may lose his lock and the home.

My hot air can actually get someone a loan, your experience was fine for you, but pointless otherwise. It’s never been more difficult to get a loan through any lender, and the lowest/cheapest means nothing if the loan can’t close.

[HLS]

Daniel, you’ve got all of 10 days on this site and are now the resident expert on mortgages. I’m real impressed with your resume.

I don’t know what is sadder:
The fact that you think that you know what you are talking about
OR
That someone may actually listen to you.

I never said that a broker will always beat other options but you don’t even understand that in most cases banks are mortgage brokers and perform the same function, often with employees that are clueless to explain other options that may be better.

When the “know it all” rate shoppers show up just thinking that they are getting the lowest rate possible, that’s when the real fun begins, and loans often can’t close.

I spoke to someone today that is having a HUGE problem with AIM, and he can’t get his phone calls returned. He regrets his decision now. He may lose his lock and the home.

My hot air can actually get someone a loan, your experience was fine for you, but pointless otherwise. It’s never been more difficult to get a loan through any lender, and the lowest/cheapest means nothing if the loan can’t close.

[waiting hawk]

[quote=HLS]
It’s never been more difficult to get a loan through any lender, and the lowest/cheapest means nothing if the loan can’t close.[/quote]

This is true. Wells retail was a friggin joke. I almost switcherd at the end due to their incompotence. 30%dti buyer with no debt 20% down and they pissed me off bad. You have to watch it with those retail lenders as their processors are back who knows where with the UW. Stay on top of em or your file will get old fast on some shelf while they process all those losers getting loan mods ahead of you.

[waiting hawk]

[quote=HLS]
It’s never been more difficult to get a loan through any lender, and the lowest/cheapest means nothing if the loan can’t close.[/quote]

This is true. Wells retail was a friggin joke. I almost switcherd at the end due to their incompotence. 30%dti buyer with no debt 20% down and they pissed me off bad. You have to watch it with those retail lenders as their processors are back who knows where with the UW. Stay on top of em or your file will get old fast on some shelf while they process all those losers getting loan mods ahead of you.

[waiting hawk]

[quote=HLS]
It’s never been more difficult to get a loan through any lender, and the lowest/cheapest means nothing if the loan can’t close.[/quote]

This is true. Wells retail was a friggin joke. I almost switcherd at the end due to their incompotence. 30%dti buyer with no debt 20% down and they pissed me off bad. You have to watch it with those retail lenders as their processors are back who knows where with the UW. Stay on top of em or your file will get old fast on some shelf while they process all those losers getting loan mods ahead of you.

[waiting hawk]

[quote=HLS]
It’s never been more difficult to get a loan through any lender, and the lowest/cheapest means nothing if the loan can’t close.[/quote]

This is true. Wells retail was a friggin joke. I almost switcherd at the end due to their incompotence. 30%dti buyer with no debt 20% down and they pissed me off bad. You have to watch it with those retail lenders as their processors are back who knows where with the UW. Stay on top of em or your file will get old fast on some shelf while they process all those losers getting loan mods ahead of you.

[Author]

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