Problems With My Loan Broker

[PadreBrian]

This is a WTF thread.

op, you should NOT be buying (lol, taking a loan out) on a house.

First the broker was lazy, second YOU should have done more homework, and you would have known she was crap from day 1.

Please either stop what you are doing and regroup, or just drop the whole thing.

[seattle-relo]

I agree with Enorah about perhaps the universe is preventing you from making a long term mistake; the universe gives us many signals, it’s our human flaw that doesn’t allow us to listen and take note…however, if you are still determined to go forward, I would highly recommend you speak with HLS – he is a wonderful resource and great body of knowledge, and just a super cool guy to talk to and work with. Your loan officer will make a lot of money on your deal, she shouldn’t be treating you in that way, it’s so 2005! If you feel uncomfortable using someone on this blog (HLS), I can also suggest a loan officer who can be trusted. I have worked with him since 1999 and have been very pleased with his work and feel that he is professional and honest.

I wish you the best of luck as you go forward.

[seattle-relo]

I agree with Enorah about perhaps the universe is preventing you from making a long term mistake; the universe gives us many signals, it’s our human flaw that doesn’t allow us to listen and take note…however, if you are still determined to go forward, I would highly recommend you speak with HLS – he is a wonderful resource and great body of knowledge, and just a super cool guy to talk to and work with. Your loan officer will make a lot of money on your deal, she shouldn’t be treating you in that way, it’s so 2005! If you feel uncomfortable using someone on this blog (HLS), I can also suggest a loan officer who can be trusted. I have worked with him since 1999 and have been very pleased with his work and feel that he is professional and honest.

I wish you the best of luck as you go forward.

[seattle-relo]

I agree with Enorah about perhaps the universe is preventing you from making a long term mistake; the universe gives us many signals, it’s our human flaw that doesn’t allow us to listen and take note…however, if you are still determined to go forward, I would highly recommend you speak with HLS – he is a wonderful resource and great body of knowledge, and just a super cool guy to talk to and work with. Your loan officer will make a lot of money on your deal, she shouldn’t be treating you in that way, it’s so 2005! If you feel uncomfortable using someone on this blog (HLS), I can also suggest a loan officer who can be trusted. I have worked with him since 1999 and have been very pleased with his work and feel that he is professional and honest.

I wish you the best of luck as you go forward.

[seattle-relo]

I agree with Enorah about perhaps the universe is preventing you from making a long term mistake; the universe gives us many signals, it’s our human flaw that doesn’t allow us to listen and take note…however, if you are still determined to go forward, I would highly recommend you speak with HLS – he is a wonderful resource and great body of knowledge, and just a super cool guy to talk to and work with. Your loan officer will make a lot of money on your deal, she shouldn’t be treating you in that way, it’s so 2005! If you feel uncomfortable using someone on this blog (HLS), I can also suggest a loan officer who can be trusted. I have worked with him since 1999 and have been very pleased with his work and feel that he is professional and honest.

I wish you the best of luck as you go forward.

[seattle-relo]

I agree with Enorah about perhaps the universe is preventing you from making a long term mistake; the universe gives us many signals, it’s our human flaw that doesn’t allow us to listen and take note…however, if you are still determined to go forward, I would highly recommend you speak with HLS – he is a wonderful resource and great body of knowledge, and just a super cool guy to talk to and work with. Your loan officer will make a lot of money on your deal, she shouldn’t be treating you in that way, it’s so 2005! If you feel uncomfortable using someone on this blog (HLS), I can also suggest a loan officer who can be trusted. I have worked with him since 1999 and have been very pleased with his work and feel that he is professional and honest.

I wish you the best of luck as you go forward.

[fsbo]

KPP,
If she hasn’t provided you anything after 3 weeks “hardwork”, how could you turst her to close your loan in another week?
You should know that she was trying to take advantage of you when she suggested you to buy down the points. The more you buy down, the more she probably get from the lender.

Since you put over 20% down-payment, your loan can be approved and processed as fast as in one day or two.

I myself very appreciate HLS’ comments. If I were you, I would work with HLS. Your satisfaction is 100% guaranteed here – you know where to complain if not:)

Congratulation, and enjoy your new house soon!

[fsbo]

KPP,
If she hasn’t provided you anything after 3 weeks “hardwork”, how could you turst her to close your loan in another week?
You should know that she was trying to take advantage of you when she suggested you to buy down the points. The more you buy down, the more she probably get from the lender.

Since you put over 20% down-payment, your loan can be approved and processed as fast as in one day or two.

I myself very appreciate HLS’ comments. If I were you, I would work with HLS. Your satisfaction is 100% guaranteed here – you know where to complain if not:)

Congratulation, and enjoy your new house soon!

[fsbo]

KPP,
If she hasn’t provided you anything after 3 weeks “hardwork”, how could you turst her to close your loan in another week?
You should know that she was trying to take advantage of you when she suggested you to buy down the points. The more you buy down, the more she probably get from the lender.

Since you put over 20% down-payment, your loan can be approved and processed as fast as in one day or two.

I myself very appreciate HLS’ comments. If I were you, I would work with HLS. Your satisfaction is 100% guaranteed here – you know where to complain if not:)

Congratulation, and enjoy your new house soon!

[fsbo]

KPP,
If she hasn’t provided you anything after 3 weeks “hardwork”, how could you turst her to close your loan in another week?
You should know that she was trying to take advantage of you when she suggested you to buy down the points. The more you buy down, the more she probably get from the lender.

Since you put over 20% down-payment, your loan can be approved and processed as fast as in one day or two.

I myself very appreciate HLS’ comments. If I were you, I would work with HLS. Your satisfaction is 100% guaranteed here – you know where to complain if not:)

Congratulation, and enjoy your new house soon!

[fsbo]

KPP,
If she hasn’t provided you anything after 3 weeks “hardwork”, how could you turst her to close your loan in another week?
You should know that she was trying to take advantage of you when she suggested you to buy down the points. The more you buy down, the more she probably get from the lender.

Since you put over 20% down-payment, your loan can be approved and processed as fast as in one day or two.

I myself very appreciate HLS’ comments. If I were you, I would work with HLS. Your satisfaction is 100% guaranteed here – you know where to complain if not:)

Congratulation, and enjoy your new house soon!

[HLS]

Seattle & FSBO,

Many thanks for your comments. I’ve talked to a number of people from this site, and I don’t know of any complaints or misunderstandings from anybody. I’m an open book.

If I don’t know something, I’ll tell you that I don’t know, but I can explain a whole lotta things from different perspectives.
I do this to be helpful and I’m not out to fool anybody.

I’ll tell you what I can do for you without any BS, and if you qualify, I’ll get it done fast, and I’m very fair.

When you pay points to buy down a loan, there is no “larger commission” in fact there is no commission at all. It isn’t possible, and it’s illegal.

When you get the PAR rate, the lender doesn’t pay a penny in any form of commission, rebate, kickback, whatever you want to call it. It doesn’t exist…

If you are overcharged in rate, THEN the lender pays a commission. That’s how “no cost/no fee” loans work, you will pay a higher rate and have higher payments for the life of the loan. After 3 or 4 years, it starts to cost a small fortune.

By paying DISCOUNT POINTS, it ALL goes directly to the lender and gets you a lower rate. Discount points are NOT shared. Transactions are highly regulated through escrow and if the lender isn’t aware of how every dollar is accounted for there is a problem.

If you go directly to a bank or “direct lender” they do not and will not disclose that you are being overcharged, because they don’t have to. (Thank the bankers lobby)

When a bank tells you that they don’t charge fees, it is just built into their rates, and it sounds good.

I can do no cost/no fee loans too, but I explain the difference. The banks can’t. Many employees only know their bank limited programs and are told what to say; they work for the bank and get commissions.

It’s really not rocket science. When people charge triple what I charge they are just screwing borrowers, and it does happen.

I can get a loan “approved” in a matter of minutes, but they don’t get processed in one day. A full package requires an appraisal and a title report, takes a few days.

The fastest that I have ever done was a submission on Tuesday and docs to sign by Friday afternoon. It’s rare but it can happen when everything is lined up.

There still seems to be a ton of misinformation about how loans are priced and fees and commissions.

Millions of people have been taken advantage of by dishonest mortgage folks, but there are a few decent ones around.

Still amazes me how some get loans, like this thread proves.

[HLS]

Seattle & FSBO,

Many thanks for your comments. I’ve talked to a number of people from this site, and I don’t know of any complaints or misunderstandings from anybody. I’m an open book.

If I don’t know something, I’ll tell you that I don’t know, but I can explain a whole lotta things from different perspectives.
I do this to be helpful and I’m not out to fool anybody.

I’ll tell you what I can do for you without any BS, and if you qualify, I’ll get it done fast, and I’m very fair.

When you pay points to buy down a loan, there is no “larger commission” in fact there is no commission at all. It isn’t possible, and it’s illegal.

When you get the PAR rate, the lender doesn’t pay a penny in any form of commission, rebate, kickback, whatever you want to call it. It doesn’t exist…

If you are overcharged in rate, THEN the lender pays a commission. That’s how “no cost/no fee” loans work, you will pay a higher rate and have higher payments for the life of the loan. After 3 or 4 years, it starts to cost a small fortune.

By paying DISCOUNT POINTS, it ALL goes directly to the lender and gets you a lower rate. Discount points are NOT shared. Transactions are highly regulated through escrow and if the lender isn’t aware of how every dollar is accounted for there is a problem.

If you go directly to a bank or “direct lender” they do not and will not disclose that you are being overcharged, because they don’t have to. (Thank the bankers lobby)

When a bank tells you that they don’t charge fees, it is just built into their rates, and it sounds good.

I can do no cost/no fee loans too, but I explain the difference. The banks can’t. Many employees only know their bank limited programs and are told what to say; they work for the bank and get commissions.

It’s really not rocket science. When people charge triple what I charge they are just screwing borrowers, and it does happen.

I can get a loan “approved” in a matter of minutes, but they don’t get processed in one day. A full package requires an appraisal and a title report, takes a few days.

The fastest that I have ever done was a submission on Tuesday and docs to sign by Friday afternoon. It’s rare but it can happen when everything is lined up.

There still seems to be a ton of misinformation about how loans are priced and fees and commissions.

Millions of people have been taken advantage of by dishonest mortgage folks, but there are a few decent ones around.

Still amazes me how some get loans, like this thread proves.

[HLS]

Seattle & FSBO,

Many thanks for your comments. I’ve talked to a number of people from this site, and I don’t know of any complaints or misunderstandings from anybody. I’m an open book.

If I don’t know something, I’ll tell you that I don’t know, but I can explain a whole lotta things from different perspectives.
I do this to be helpful and I’m not out to fool anybody.

I’ll tell you what I can do for you without any BS, and if you qualify, I’ll get it done fast, and I’m very fair.

When you pay points to buy down a loan, there is no “larger commission” in fact there is no commission at all. It isn’t possible, and it’s illegal.

When you get the PAR rate, the lender doesn’t pay a penny in any form of commission, rebate, kickback, whatever you want to call it. It doesn’t exist…

If you are overcharged in rate, THEN the lender pays a commission. That’s how “no cost/no fee” loans work, you will pay a higher rate and have higher payments for the life of the loan. After 3 or 4 years, it starts to cost a small fortune.

By paying DISCOUNT POINTS, it ALL goes directly to the lender and gets you a lower rate. Discount points are NOT shared. Transactions are highly regulated through escrow and if the lender isn’t aware of how every dollar is accounted for there is a problem.

If you go directly to a bank or “direct lender” they do not and will not disclose that you are being overcharged, because they don’t have to. (Thank the bankers lobby)

When a bank tells you that they don’t charge fees, it is just built into their rates, and it sounds good.

I can do no cost/no fee loans too, but I explain the difference. The banks can’t. Many employees only know their bank limited programs and are told what to say; they work for the bank and get commissions.

It’s really not rocket science. When people charge triple what I charge they are just screwing borrowers, and it does happen.

I can get a loan “approved” in a matter of minutes, but they don’t get processed in one day. A full package requires an appraisal and a title report, takes a few days.

The fastest that I have ever done was a submission on Tuesday and docs to sign by Friday afternoon. It’s rare but it can happen when everything is lined up.

There still seems to be a ton of misinformation about how loans are priced and fees and commissions.

Millions of people have been taken advantage of by dishonest mortgage folks, but there are a few decent ones around.

Still amazes me how some get loans, like this thread proves.

[HLS]

Seattle & FSBO,

Many thanks for your comments. I’ve talked to a number of people from this site, and I don’t know of any complaints or misunderstandings from anybody. I’m an open book.

If I don’t know something, I’ll tell you that I don’t know, but I can explain a whole lotta things from different perspectives.
I do this to be helpful and I’m not out to fool anybody.

I’ll tell you what I can do for you without any BS, and if you qualify, I’ll get it done fast, and I’m very fair.

When you pay points to buy down a loan, there is no “larger commission” in fact there is no commission at all. It isn’t possible, and it’s illegal.

When you get the PAR rate, the lender doesn’t pay a penny in any form of commission, rebate, kickback, whatever you want to call it. It doesn’t exist…

If you are overcharged in rate, THEN the lender pays a commission. That’s how “no cost/no fee” loans work, you will pay a higher rate and have higher payments for the life of the loan. After 3 or 4 years, it starts to cost a small fortune.

By paying DISCOUNT POINTS, it ALL goes directly to the lender and gets you a lower rate. Discount points are NOT shared. Transactions are highly regulated through escrow and if the lender isn’t aware of how every dollar is accounted for there is a problem.

If you go directly to a bank or “direct lender” they do not and will not disclose that you are being overcharged, because they don’t have to. (Thank the bankers lobby)

When a bank tells you that they don’t charge fees, it is just built into their rates, and it sounds good.

I can do no cost/no fee loans too, but I explain the difference. The banks can’t. Many employees only know their bank limited programs and are told what to say; they work for the bank and get commissions.

It’s really not rocket science. When people charge triple what I charge they are just screwing borrowers, and it does happen.

I can get a loan “approved” in a matter of minutes, but they don’t get processed in one day. A full package requires an appraisal and a title report, takes a few days.

The fastest that I have ever done was a submission on Tuesday and docs to sign by Friday afternoon. It’s rare but it can happen when everything is lined up.

There still seems to be a ton of misinformation about how loans are priced and fees and commissions.

Millions of people have been taken advantage of by dishonest mortgage folks, but there are a few decent ones around.

Still amazes me how some get loans, like this thread proves.

[Author]

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