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fsbo
Participantif you’re not in hurry, check out coupon, rebate, discount tips on fatwallet, techbargin, mostly likely you will find a good deal..
Participantwowh.. the most of mortgage brokers would not like the article!
Participantwowh.. the most of mortgage brokers would not like the article!
Participantwowh.. the most of mortgage brokers would not like the article!
Participantwowh.. the most of mortgage brokers would not like the article!
Participantwowh.. the most of mortgage brokers would not like the article!
ParticipantAs for lender commission, it’s not a secret. Regarding how big the commission is, it is ‘non published’ upfront. If it were not, you wouldn’t need to ask the simple question, or every broker would frankly explain it ..
Just for 417k 30yrs 0-point loan, when a rate of 4.625 yielded $2k in lender commission, $5k in commission could simply lead the same loan to a rate of 5.0.
Please don’t imply anything else here. I just tell a simple fact that the commission which seems directly coming from lender, would actually send a final loan rate higher than it should be.ParticipantAs for lender commission, it’s not a secret. Regarding how big the commission is, it is ‘non published’ upfront. If it were not, you wouldn’t need to ask the simple question, or every broker would frankly explain it ..
Just for 417k 30yrs 0-point loan, when a rate of 4.625 yielded $2k in lender commission, $5k in commission could simply lead the same loan to a rate of 5.0.
Please don’t imply anything else here. I just tell a simple fact that the commission which seems directly coming from lender, would actually send a final loan rate higher than it should be.ParticipantAs for lender commission, it’s not a secret. Regarding how big the commission is, it is ‘non published’ upfront. If it were not, you wouldn’t need to ask the simple question, or every broker would frankly explain it ..
Just for 417k 30yrs 0-point loan, when a rate of 4.625 yielded $2k in lender commission, $5k in commission could simply lead the same loan to a rate of 5.0.
Please don’t imply anything else here. I just tell a simple fact that the commission which seems directly coming from lender, would actually send a final loan rate higher than it should be.ParticipantAs for lender commission, it’s not a secret. Regarding how big the commission is, it is ‘non published’ upfront. If it were not, you wouldn’t need to ask the simple question, or every broker would frankly explain it ..
Just for 417k 30yrs 0-point loan, when a rate of 4.625 yielded $2k in lender commission, $5k in commission could simply lead the same loan to a rate of 5.0.
Please don’t imply anything else here. I just tell a simple fact that the commission which seems directly coming from lender, would actually send a final loan rate higher than it should be.ParticipantAs for lender commission, it’s not a secret. Regarding how big the commission is, it is ‘non published’ upfront. If it were not, you wouldn’t need to ask the simple question, or every broker would frankly explain it ..
Just for 417k 30yrs 0-point loan, when a rate of 4.625 yielded $2k in lender commission, $5k in commission could simply lead the same loan to a rate of 5.0.
Please don’t imply anything else here. I just tell a simple fact that the commission which seems directly coming from lender, would actually send a final loan rate higher than it should be.Participant[quote=HLS]
You should also ask if they are getting ANYTHING back in commission/rebate from the lender.
If they hesitate or stumble in answering this simple question, they are probably lying to you, and not offering you the lowest rate that you qualify for at that time.
HLS[/quote][quote=FSBO]
Submitted by fsbo on January 6, 2009 – 9:45pm.
HLS,
No, there is no free loan. Every loan comes with costs. Closings costs, if not paid upfront, will be rolled over into the loan.
The similar is the mortgage broker’s non-published commission, it seems to be paid by lender, but
it actually sends the final rate higher….[/quote][quote=HLS]
Submitted by HLS on January 6, 2009 – 11:16pm.
FSBO,
There is no such thing as a “mortgage broker’s non published commission”
It doesn’t exist. What are you talking about ??HLS[/quote]HLS, Good question, and answer:)
Participant[quote=HLS]
You should also ask if they are getting ANYTHING back in commission/rebate from the lender.
If they hesitate or stumble in answering this simple question, they are probably lying to you, and not offering you the lowest rate that you qualify for at that time.
HLS[/quote][quote=FSBO]
Submitted by fsbo on January 6, 2009 – 9:45pm.
HLS,
No, there is no free loan. Every loan comes with costs. Closings costs, if not paid upfront, will be rolled over into the loan.
The similar is the mortgage broker’s non-published commission, it seems to be paid by lender, but
it actually sends the final rate higher….[/quote][quote=HLS]
Submitted by HLS on January 6, 2009 – 11:16pm.
FSBO,
There is no such thing as a “mortgage broker’s non published commission”
It doesn’t exist. What are you talking about ??HLS[/quote]HLS, Good question, and answer:)
Participant[quote=HLS]
You should also ask if they are getting ANYTHING back in commission/rebate from the lender.
If they hesitate or stumble in answering this simple question, they are probably lying to you, and not offering you the lowest rate that you qualify for at that time.
HLS[/quote][quote=FSBO]
Submitted by fsbo on January 6, 2009 – 9:45pm.
HLS,
No, there is no free loan. Every loan comes with costs. Closings costs, if not paid upfront, will be rolled over into the loan.
The similar is the mortgage broker’s non-published commission, it seems to be paid by lender, but
it actually sends the final rate higher….[/quote][quote=HLS]
Submitted by HLS on January 6, 2009 – 11:16pm.
FSBO,
There is no such thing as a “mortgage broker’s non published commission”
It doesn’t exist. What are you talking about ??HLS[/quote]HLS, Good question, and answer:)
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