Number of qualified house buyers is shrinking…

[SD Realtor]

Like you said HLS, those with blood on thier hands cannot turn back nor will they turn back. IMO they will continue to do “whatever it takes”.

I am 50/50 on wagering that before the end of the current administration there will be some sort of direct lending program set up.

Furthermore all of the blame has been and will continue to be passed off to the current administration even though these guys were the ones in place pushing those policies through during that and this administration.

[murf2222]

[quote=HLS][quote=UCGal]
This week, the national average rates are about 5.50%… I have 5.00% rate that comes with a fee.
At 5.50% I could get a commission but it’s not in the borrower’s best interest if they plan on staying in the loan for a few years..
[/quote]

I’m a little confused HLS. Are you saying that the current rate is HIGHER than 5.50% if you don’t get a commission?

[murf2222]

[quote=HLS][quote=UCGal]
This week, the national average rates are about 5.50%… I have 5.00% rate that comes with a fee.
At 5.50% I could get a commission but it’s not in the borrower’s best interest if they plan on staying in the loan for a few years..
[/quote]

I’m a little confused HLS. Are you saying that the current rate is HIGHER than 5.50% if you don’t get a commission?

[murf2222]

[quote=HLS][quote=UCGal]
This week, the national average rates are about 5.50%… I have 5.00% rate that comes with a fee.
At 5.50% I could get a commission but it’s not in the borrower’s best interest if they plan on staying in the loan for a few years..
[/quote]

I’m a little confused HLS. Are you saying that the current rate is HIGHER than 5.50% if you don’t get a commission?

[murf2222]

[quote=HLS][quote=UCGal]
This week, the national average rates are about 5.50%… I have 5.00% rate that comes with a fee.
At 5.50% I could get a commission but it’s not in the borrower’s best interest if they plan on staying in the loan for a few years..
[/quote]

I’m a little confused HLS. Are you saying that the current rate is HIGHER than 5.50% if you don’t get a commission?

[murf2222]

[quote=HLS][quote=UCGal]
This week, the national average rates are about 5.50%… I have 5.00% rate that comes with a fee.
At 5.50% I could get a commission but it’s not in the borrower’s best interest if they plan on staying in the loan for a few years..
[/quote]

I’m a little confused HLS. Are you saying that the current rate is HIGHER than 5.50% if you don’t get a commission?

[UCGal]

[quote=murf2222][quote=HLS]
This week, the national average rates are about 5.50%… I have 5.00% rate that comes with a fee.
At 5.50% I could get a commission but it’s not in the borrower’s best interest if they plan on staying in the loan for a few years..
[/quote]

I’m a little confused HLS. Are you saying that the current rate is HIGHER than 5.50% if you don’t get a commission?[/quote]

I think he’s saying he gets a fee with both rates – but if he were to push a buyer into a 5.5% – he’d also get a commission… But, having worked with him, he doesn’t do that type of thing.

[UCGal]

[quote=murf2222][quote=HLS]
This week, the national average rates are about 5.50%… I have 5.00% rate that comes with a fee.
At 5.50% I could get a commission but it’s not in the borrower’s best interest if they plan on staying in the loan for a few years..
[/quote]

I’m a little confused HLS. Are you saying that the current rate is HIGHER than 5.50% if you don’t get a commission?[/quote]

I think he’s saying he gets a fee with both rates – but if he were to push a buyer into a 5.5% – he’d also get a commission… But, having worked with him, he doesn’t do that type of thing.

[UCGal]

[quote=murf2222][quote=HLS]
This week, the national average rates are about 5.50%… I have 5.00% rate that comes with a fee.
At 5.50% I could get a commission but it’s not in the borrower’s best interest if they plan on staying in the loan for a few years..
[/quote]

I’m a little confused HLS. Are you saying that the current rate is HIGHER than 5.50% if you don’t get a commission?[/quote]

I think he’s saying he gets a fee with both rates – but if he were to push a buyer into a 5.5% – he’d also get a commission… But, having worked with him, he doesn’t do that type of thing.

[UCGal]

[quote=murf2222][quote=HLS]
This week, the national average rates are about 5.50%… I have 5.00% rate that comes with a fee.
At 5.50% I could get a commission but it’s not in the borrower’s best interest if they plan on staying in the loan for a few years..
[/quote]

I’m a little confused HLS. Are you saying that the current rate is HIGHER than 5.50% if you don’t get a commission?[/quote]

I think he’s saying he gets a fee with both rates – but if he were to push a buyer into a 5.5% – he’d also get a commission… But, having worked with him, he doesn’t do that type of thing.

[UCGal]

[quote=murf2222][quote=HLS]
This week, the national average rates are about 5.50%… I have 5.00% rate that comes with a fee.
At 5.50% I could get a commission but it’s not in the borrower’s best interest if they plan on staying in the loan for a few years..
[/quote]

I’m a little confused HLS. Are you saying that the current rate is HIGHER than 5.50% if you don’t get a commission?[/quote]

I think he’s saying he gets a fee with both rates – but if he were to push a buyer into a 5.5% – he’d also get a commission… But, having worked with him, he doesn’t do that type of thing.

[HLS]

Murf..
At 5.50% NO fee is charged because the lender will pay…..
5.50% pays a commission. 5.00% does not
This weeks “average” rates were 5.50%
The point is that a lower rate is really available, but it comes with an upfront cost.
(Rates change daily)

Putting a borrower into the higher rate gets a commission from the lender. The higher the rate the higher the commission. It’s a reward from the lender for screwing a borrower. (Not what I do)
If kept for many years, the borrower will pay thousands of dollars more in the long run.

The alternative is paying a fee up front and getting a lower rate/lower payment. It’s a detailed explanation that most ppl don’t understand, including those pushing loans.

There is no such thing as a “no cost” loan. IF there is no cost up front, it will cost a fortune in the long run. Usually the break even point is 2-3 years. Depends on individual circumstances.

I hope this makes sense.

[HLS]

Murf..
At 5.50% NO fee is charged because the lender will pay…..
5.50% pays a commission. 5.00% does not
This weeks “average” rates were 5.50%
The point is that a lower rate is really available, but it comes with an upfront cost.
(Rates change daily)

Putting a borrower into the higher rate gets a commission from the lender. The higher the rate the higher the commission. It’s a reward from the lender for screwing a borrower. (Not what I do)
If kept for many years, the borrower will pay thousands of dollars more in the long run.

The alternative is paying a fee up front and getting a lower rate/lower payment. It’s a detailed explanation that most ppl don’t understand, including those pushing loans.

There is no such thing as a “no cost” loan. IF there is no cost up front, it will cost a fortune in the long run. Usually the break even point is 2-3 years. Depends on individual circumstances.

I hope this makes sense.

[HLS]

Murf..
At 5.50% NO fee is charged because the lender will pay…..
5.50% pays a commission. 5.00% does not
This weeks “average” rates were 5.50%
The point is that a lower rate is really available, but it comes with an upfront cost.
(Rates change daily)

Putting a borrower into the higher rate gets a commission from the lender. The higher the rate the higher the commission. It’s a reward from the lender for screwing a borrower. (Not what I do)
If kept for many years, the borrower will pay thousands of dollars more in the long run.

The alternative is paying a fee up front and getting a lower rate/lower payment. It’s a detailed explanation that most ppl don’t understand, including those pushing loans.

There is no such thing as a “no cost” loan. IF there is no cost up front, it will cost a fortune in the long run. Usually the break even point is 2-3 years. Depends on individual circumstances.

I hope this makes sense.

[HLS]

Murf..
At 5.50% NO fee is charged because the lender will pay…..
5.50% pays a commission. 5.00% does not
This weeks “average” rates were 5.50%
The point is that a lower rate is really available, but it comes with an upfront cost.
(Rates change daily)

Putting a borrower into the higher rate gets a commission from the lender. The higher the rate the higher the commission. It’s a reward from the lender for screwing a borrower. (Not what I do)
If kept for many years, the borrower will pay thousands of dollars more in the long run.

The alternative is paying a fee up front and getting a lower rate/lower payment. It’s a detailed explanation that most ppl don’t understand, including those pushing loans.

There is no such thing as a “no cost” loan. IF there is no cost up front, it will cost a fortune in the long run. Usually the break even point is 2-3 years. Depends on individual circumstances.

I hope this makes sense.

[Author]

Posts