[HLS]

National Debt @$16-$20 Trillion

Nationwide fear, panic and chaos over economic conditions and higher unemployment.

30 YR mortgage rates @ 6%+

Higher foreclosure numbers than today, lower house prices in most areas.

NAR spouting it’s a great time to buy houses.

[HLS]

National Debt @$16-$20 Trillion

Nationwide fear, panic and chaos over economic conditions and higher unemployment.

30 YR mortgage rates @ 6%+

Higher foreclosure numbers than today, lower house prices in most areas.

NAR spouting it’s a great time to buy houses.

[HLS]

Eric..
This was a confirmation of what was announced on Nov 25th. The bump was then, no reason for another bump re Buying $500 billion of MBS.

For those that qualify, rates are currently still low, below 5%, but they have been lower.

It has caused a refi boom, but many people that never thought about 5.00% 30 YR rates now want lower rates. Greeeeeeed. Maybe they will go lower, maybe they won’t.

The govt is trying to hold up the economy with toothpicks and white glue. The economy is in a free fall. The end result could be worse than the 1930’s depression, regardless of what the experts say. Happy talk wont fix the mess.

The banking system as we know it is in danger of collapsing. Pension funds & retirement funds have huge losses that they haven’t admitted to. State and local govts are facing HUGE budget deficits. They aren’t going to recover any time soon.

The MBS money wont last forever, and if China decides to stop buying treasuries which may not be far off, who in the world will provide money to America, a country that is financially and morally broke/bankrupt.

Arab world isn’t happy about $30 barrels of oil either.

$500 billion may not last long. Mortgage rates could explode at any time. Someone has to be willing to commit to 30 YR bonds for MBS, but at 4%-5% ??

I have no idea where rates are going, but at some point I think that they will spend more time above 7% again than below 6%.

This country is a huge heap of trouble that no administration will easily fix.

Even at the low rates, many people don’t qualify for loans. Any number of reasons, no equity, no job, not enough income, bad credit score etc.

It’s helping people who are solid, and doing very little for those that REALLY need the help.

The govt allowed this to happen, they want to pretend like it was unpredictable. What a joke.

A revolution in the next few years wont surprise me. Be prepared and hope that it doesn’t happen.
HLS

[HLS]

Eric..
This was a confirmation of what was announced on Nov 25th. The bump was then, no reason for another bump re Buying $500 billion of MBS.

For those that qualify, rates are currently still low, below 5%, but they have been lower.

It has caused a refi boom, but many people that never thought about 5.00% 30 YR rates now want lower rates. Greeeeeeed. Maybe they will go lower, maybe they won’t.

The govt is trying to hold up the economy with toothpicks and white glue. The economy is in a free fall. The end result could be worse than the 1930’s depression, regardless of what the experts say. Happy talk wont fix the mess.

The banking system as we know it is in danger of collapsing. Pension funds & retirement funds have huge losses that they haven’t admitted to. State and local govts are facing HUGE budget deficits. They aren’t going to recover any time soon.

The MBS money wont last forever, and if China decides to stop buying treasuries which may not be far off, who in the world will provide money to America, a country that is financially and morally broke/bankrupt.

Arab world isn’t happy about $30 barrels of oil either.

$500 billion may not last long. Mortgage rates could explode at any time. Someone has to be willing to commit to 30 YR bonds for MBS, but at 4%-5% ??

I have no idea where rates are going, but at some point I think that they will spend more time above 7% again than below 6%.

This country is a huge heap of trouble that no administration will easily fix.

Even at the low rates, many people don’t qualify for loans. Any number of reasons, no equity, no job, not enough income, bad credit score etc.

It’s helping people who are solid, and doing very little for those that REALLY need the help.

The govt allowed this to happen, they want to pretend like it was unpredictable. What a joke.

A revolution in the next few years wont surprise me. Be prepared and hope that it doesn’t happen.
HLS

[HLS]

Eric..
This was a confirmation of what was announced on Nov 25th. The bump was then, no reason for another bump re Buying $500 billion of MBS.

For those that qualify, rates are currently still low, below 5%, but they have been lower.

It has caused a refi boom, but many people that never thought about 5.00% 30 YR rates now want lower rates. Greeeeeeed. Maybe they will go lower, maybe they won’t.

The govt is trying to hold up the economy with toothpicks and white glue. The economy is in a free fall. The end result could be worse than the 1930’s depression, regardless of what the experts say. Happy talk wont fix the mess.

The banking system as we know it is in danger of collapsing. Pension funds & retirement funds have huge losses that they haven’t admitted to. State and local govts are facing HUGE budget deficits. They aren’t going to recover any time soon.

The MBS money wont last forever, and if China decides to stop buying treasuries which may not be far off, who in the world will provide money to America, a country that is financially and morally broke/bankrupt.

Arab world isn’t happy about $30 barrels of oil either.

$500 billion may not last long. Mortgage rates could explode at any time. Someone has to be willing to commit to 30 YR bonds for MBS, but at 4%-5% ??

I have no idea where rates are going, but at some point I think that they will spend more time above 7% again than below 6%.

This country is a huge heap of trouble that no administration will easily fix.

Even at the low rates, many people don’t qualify for loans. Any number of reasons, no equity, no job, not enough income, bad credit score etc.

It’s helping people who are solid, and doing very little for those that REALLY need the help.

The govt allowed this to happen, they want to pretend like it was unpredictable. What a joke.

A revolution in the next few years wont surprise me. Be prepared and hope that it doesn’t happen.
HLS

[HLS]

Eric..
This was a confirmation of what was announced on Nov 25th. The bump was then, no reason for another bump re Buying $500 billion of MBS.

For those that qualify, rates are currently still low, below 5%, but they have been lower.

It has caused a refi boom, but many people that never thought about 5.00% 30 YR rates now want lower rates. Greeeeeeed. Maybe they will go lower, maybe they won’t.

The govt is trying to hold up the economy with toothpicks and white glue. The economy is in a free fall. The end result could be worse than the 1930’s depression, regardless of what the experts say. Happy talk wont fix the mess.

The banking system as we know it is in danger of collapsing. Pension funds & retirement funds have huge losses that they haven’t admitted to. State and local govts are facing HUGE budget deficits. They aren’t going to recover any time soon.

The MBS money wont last forever, and if China decides to stop buying treasuries which may not be far off, who in the world will provide money to America, a country that is financially and morally broke/bankrupt.

Arab world isn’t happy about $30 barrels of oil either.

$500 billion may not last long. Mortgage rates could explode at any time. Someone has to be willing to commit to 30 YR bonds for MBS, but at 4%-5% ??

I have no idea where rates are going, but at some point I think that they will spend more time above 7% again than below 6%.

This country is a huge heap of trouble that no administration will easily fix.

Even at the low rates, many people don’t qualify for loans. Any number of reasons, no equity, no job, not enough income, bad credit score etc.

It’s helping people who are solid, and doing very little for those that REALLY need the help.

The govt allowed this to happen, they want to pretend like it was unpredictable. What a joke.

A revolution in the next few years wont surprise me. Be prepared and hope that it doesn’t happen.
HLS

[HLS]

Eric..
This was a confirmation of what was announced on Nov 25th. The bump was then, no reason for another bump re Buying $500 billion of MBS.

For those that qualify, rates are currently still low, below 5%, but they have been lower.

It has caused a refi boom, but many people that never thought about 5.00% 30 YR rates now want lower rates. Greeeeeeed. Maybe they will go lower, maybe they won’t.

The govt is trying to hold up the economy with toothpicks and white glue. The economy is in a free fall. The end result could be worse than the 1930’s depression, regardless of what the experts say. Happy talk wont fix the mess.

The banking system as we know it is in danger of collapsing. Pension funds & retirement funds have huge losses that they haven’t admitted to. State and local govts are facing HUGE budget deficits. They aren’t going to recover any time soon.

The MBS money wont last forever, and if China decides to stop buying treasuries which may not be far off, who in the world will provide money to America, a country that is financially and morally broke/bankrupt.

Arab world isn’t happy about $30 barrels of oil either.

$500 billion may not last long. Mortgage rates could explode at any time. Someone has to be willing to commit to 30 YR bonds for MBS, but at 4%-5% ??

I have no idea where rates are going, but at some point I think that they will spend more time above 7% again than below 6%.

This country is a huge heap of trouble that no administration will easily fix.

Even at the low rates, many people don’t qualify for loans. Any number of reasons, no equity, no job, not enough income, bad credit score etc.

It’s helping people who are solid, and doing very little for those that REALLY need the help.

The govt allowed this to happen, they want to pretend like it was unpredictable. What a joke.

A revolution in the next few years wont surprise me. Be prepared and hope that it doesn’t happen.
HLS

[HLS]

BREEZE, Unfortunately, like most people, you don’t understand loan pricing.

Since you asked,YES, I ALWAYS clearly disclose my TOTAL compensation UP FRONT. This is NOT what most mortgage people do. The industry deserves to be bashed, I do it on a regular basis.

Most mortgage originators don’t care about the borrower. This is no different than any other job/position caring about who they can sell something to so they can get a commission. Welcome to the world.

Mortgage industry groups ARE fighting against having to disclose what I already willingly disclose.

I work for the borrower, not the lender. By choice, I have absolutely no incentive to put someone into a crappy loan. Don’t confuse ME with anybody else.. The world is full of scumbags.

The “usual” course is that MOST people in any business will charge as much as they can get away with.
Attorneys, doctors, mechanics, plumbers, electricians, grocers, drug companies, truck drivers, gas stations, restaurants, military contractors, mortgage brokers, etc. etc. are all in business, and most overcharge whenever they can, to make a larger profit.. Also, many salaried employees are way overpaid for what they do.

To me, it’s all about personal accountability and a fiduciary responsibility. As MY choice, the rates that I quote are the lowest wholesale rates that I can offer. I don’t get a single penny from a lender for offering the true wholesale rate. I also don’t get a penny from an escrow company, title company or appraiser. No Christmas gifts or backdoor deals either.

I CHOOSE to be upfront and to tell people how much my services will cost for their loan, and I don’t tack on any additional dirt bag fees.
I offer the lowest rate that I possibly can at that moment. Rates can change at any time. I have no control over rates going up or down, and the borrower decides when to lock. I will always try to get them an adjustment if I can.

Most mortgage people charge a fee up front AND over quote in rate so they can get a commission from the lender. Many people DO get screwed by mtg brokers.
I point out to a borrower if I will be getting anything from the lender; With refi loans I GUARANTEE what the total 3rd party closing costs will be. NO surprises at closing.

I can also offer even lower interest rates and disclose what the additional cost (that goes TO THE LENDER) will be
OR
the option to take a higher rate and have the commission from the lender credited towards my fee.

I explain the pros and cons of both. The best rate possible pays NO commission, not a penny… Commissions ONLY come from overcharging people in rate. Most people shop by rate and get screwed. It’s not only foolish, it’s stupid. Rates change very often similar to stocks, (but not as volatile)

I can usually lock a loan 24 hours a day, 7 days a week. I have access to credit scores that most others don’t have. This alone can make a difference of thousands of dollars over the life of a loan.

There’s a whole bunch of misinformation about the mortgage business and I will be the first to admit that there are still plenty of crooks & idiots that get plenty of business from clueless borrowers by lying and fooling them about rates and fees. The most foolish thing is that many people get loans from their friends, neighbors and relatives who are usually screwing them beyond belief. Easy business that they don’t have to earn.

That only addresses rate. In addition to offering wholesale rates, I provide service and education to anybody who wants it, and I’m not expensive. I’m usually available 7 days a week, and attend the loan signings of most of my borrowers. While most mortgages are originated by a salesperson and then passed off to a processor, I deal with a borrower personally all the way through to signing.

Whatever your experience with anybody in the mortgage business has ever been, you don’t know ME. I can’t be the only one, but I don’t know anyone else that is as transparent as I am.

I don’t hide anything and will answer any questions with the truth. I figure out ways to save people money whenever I can.

I’ll put my integrity, ethics and interest of the borrower up to anybody you choose. For those that shop by rate alone and want no cost loans and think that they know what they are doing, they are usually being foolish about the largest financial transaction of their life.

I don’t care if people shop, but the problem is they don’t understand how to shop. I’m not expensive, and even if someone charges less than me, they probably don’t offer what I can and do.

I provide a valuable service and peace of mind for those that are intelligent enough to recognize it. Most people get fooled. I know what goes on but very few consumers do. …HLS

[HLS]

BREEZE, Unfortunately, like most people, you don’t understand loan pricing.

Since you asked,YES, I ALWAYS clearly disclose my TOTAL compensation UP FRONT. This is NOT what most mortgage people do. The industry deserves to be bashed, I do it on a regular basis.

Most mortgage originators don’t care about the borrower. This is no different than any other job/position caring about who they can sell something to so they can get a commission. Welcome to the world.

Mortgage industry groups ARE fighting against having to disclose what I already willingly disclose.

I work for the borrower, not the lender. By choice, I have absolutely no incentive to put someone into a crappy loan. Don’t confuse ME with anybody else.. The world is full of scumbags.

The “usual” course is that MOST people in any business will charge as much as they can get away with.
Attorneys, doctors, mechanics, plumbers, electricians, grocers, drug companies, truck drivers, gas stations, restaurants, military contractors, mortgage brokers, etc. etc. are all in business, and most overcharge whenever they can, to make a larger profit.. Also, many salaried employees are way overpaid for what they do.

To me, it’s all about personal accountability and a fiduciary responsibility. As MY choice, the rates that I quote are the lowest wholesale rates that I can offer. I don’t get a single penny from a lender for offering the true wholesale rate. I also don’t get a penny from an escrow company, title company or appraiser. No Christmas gifts or backdoor deals either.

I CHOOSE to be upfront and to tell people how much my services will cost for their loan, and I don’t tack on any additional dirt bag fees.
I offer the lowest rate that I possibly can at that moment. Rates can change at any time. I have no control over rates going up or down, and the borrower decides when to lock. I will always try to get them an adjustment if I can.

Most mortgage people charge a fee up front AND over quote in rate so they can get a commission from the lender. Many people DO get screwed by mtg brokers.
I point out to a borrower if I will be getting anything from the lender; With refi loans I GUARANTEE what the total 3rd party closing costs will be. NO surprises at closing.

I can also offer even lower interest rates and disclose what the additional cost (that goes TO THE LENDER) will be
OR
the option to take a higher rate and have the commission from the lender credited towards my fee.

I explain the pros and cons of both. The best rate possible pays NO commission, not a penny… Commissions ONLY come from overcharging people in rate. Most people shop by rate and get screwed. It’s not only foolish, it’s stupid. Rates change very often similar to stocks, (but not as volatile)

I can usually lock a loan 24 hours a day, 7 days a week. I have access to credit scores that most others don’t have. This alone can make a difference of thousands of dollars over the life of a loan.

There’s a whole bunch of misinformation about the mortgage business and I will be the first to admit that there are still plenty of crooks & idiots that get plenty of business from clueless borrowers by lying and fooling them about rates and fees. The most foolish thing is that many people get loans from their friends, neighbors and relatives who are usually screwing them beyond belief. Easy business that they don’t have to earn.

That only addresses rate. In addition to offering wholesale rates, I provide service and education to anybody who wants it, and I’m not expensive. I’m usually available 7 days a week, and attend the loan signings of most of my borrowers. While most mortgages are originated by a salesperson and then passed off to a processor, I deal with a borrower personally all the way through to signing.

Whatever your experience with anybody in the mortgage business has ever been, you don’t know ME. I can’t be the only one, but I don’t know anyone else that is as transparent as I am.

I don’t hide anything and will answer any questions with the truth. I figure out ways to save people money whenever I can.

I’ll put my integrity, ethics and interest of the borrower up to anybody you choose. For those that shop by rate alone and want no cost loans and think that they know what they are doing, they are usually being foolish about the largest financial transaction of their life.

I don’t care if people shop, but the problem is they don’t understand how to shop. I’m not expensive, and even if someone charges less than me, they probably don’t offer what I can and do.

I provide a valuable service and peace of mind for those that are intelligent enough to recognize it. Most people get fooled. I know what goes on but very few consumers do. …HLS

[HLS]

BREEZE, Unfortunately, like most people, you don’t understand loan pricing.

Since you asked,YES, I ALWAYS clearly disclose my TOTAL compensation UP FRONT. This is NOT what most mortgage people do. The industry deserves to be bashed, I do it on a regular basis.

Most mortgage originators don’t care about the borrower. This is no different than any other job/position caring about who they can sell something to so they can get a commission. Welcome to the world.

Mortgage industry groups ARE fighting against having to disclose what I already willingly disclose.

I work for the borrower, not the lender. By choice, I have absolutely no incentive to put someone into a crappy loan. Don’t confuse ME with anybody else.. The world is full of scumbags.

The “usual” course is that MOST people in any business will charge as much as they can get away with.
Attorneys, doctors, mechanics, plumbers, electricians, grocers, drug companies, truck drivers, gas stations, restaurants, military contractors, mortgage brokers, etc. etc. are all in business, and most overcharge whenever they can, to make a larger profit.. Also, many salaried employees are way overpaid for what they do.

To me, it’s all about personal accountability and a fiduciary responsibility. As MY choice, the rates that I quote are the lowest wholesale rates that I can offer. I don’t get a single penny from a lender for offering the true wholesale rate. I also don’t get a penny from an escrow company, title company or appraiser. No Christmas gifts or backdoor deals either.

I CHOOSE to be upfront and to tell people how much my services will cost for their loan, and I don’t tack on any additional dirt bag fees.
I offer the lowest rate that I possibly can at that moment. Rates can change at any time. I have no control over rates going up or down, and the borrower decides when to lock. I will always try to get them an adjustment if I can.

Most mortgage people charge a fee up front AND over quote in rate so they can get a commission from the lender. Many people DO get screwed by mtg brokers.
I point out to a borrower if I will be getting anything from the lender; With refi loans I GUARANTEE what the total 3rd party closing costs will be. NO surprises at closing.

I can also offer even lower interest rates and disclose what the additional cost (that goes TO THE LENDER) will be
OR
the option to take a higher rate and have the commission from the lender credited towards my fee.

I explain the pros and cons of both. The best rate possible pays NO commission, not a penny… Commissions ONLY come from overcharging people in rate. Most people shop by rate and get screwed. It’s not only foolish, it’s stupid. Rates change very often similar to stocks, (but not as volatile)

I can usually lock a loan 24 hours a day, 7 days a week. I have access to credit scores that most others don’t have. This alone can make a difference of thousands of dollars over the life of a loan.

There’s a whole bunch of misinformation about the mortgage business and I will be the first to admit that there are still plenty of crooks & idiots that get plenty of business from clueless borrowers by lying and fooling them about rates and fees. The most foolish thing is that many people get loans from their friends, neighbors and relatives who are usually screwing them beyond belief. Easy business that they don’t have to earn.

That only addresses rate. In addition to offering wholesale rates, I provide service and education to anybody who wants it, and I’m not expensive. I’m usually available 7 days a week, and attend the loan signings of most of my borrowers. While most mortgages are originated by a salesperson and then passed off to a processor, I deal with a borrower personally all the way through to signing.

Whatever your experience with anybody in the mortgage business has ever been, you don’t know ME. I can’t be the only one, but I don’t know anyone else that is as transparent as I am.

I don’t hide anything and will answer any questions with the truth. I figure out ways to save people money whenever I can.

I’ll put my integrity, ethics and interest of the borrower up to anybody you choose. For those that shop by rate alone and want no cost loans and think that they know what they are doing, they are usually being foolish about the largest financial transaction of their life.

I don’t care if people shop, but the problem is they don’t understand how to shop. I’m not expensive, and even if someone charges less than me, they probably don’t offer what I can and do.

I provide a valuable service and peace of mind for those that are intelligent enough to recognize it. Most people get fooled. I know what goes on but very few consumers do. …HLS

[HLS]

BREEZE, Unfortunately, like most people, you don’t understand loan pricing.

Since you asked,YES, I ALWAYS clearly disclose my TOTAL compensation UP FRONT. This is NOT what most mortgage people do. The industry deserves to be bashed, I do it on a regular basis.

Most mortgage originators don’t care about the borrower. This is no different than any other job/position caring about who they can sell something to so they can get a commission. Welcome to the world.

Mortgage industry groups ARE fighting against having to disclose what I already willingly disclose.

I work for the borrower, not the lender. By choice, I have absolutely no incentive to put someone into a crappy loan. Don’t confuse ME with anybody else.. The world is full of scumbags.

The “usual” course is that MOST people in any business will charge as much as they can get away with.
Attorneys, doctors, mechanics, plumbers, electricians, grocers, drug companies, truck drivers, gas stations, restaurants, military contractors, mortgage brokers, etc. etc. are all in business, and most overcharge whenever they can, to make a larger profit.. Also, many salaried employees are way overpaid for what they do.

To me, it’s all about personal accountability and a fiduciary responsibility. As MY choice, the rates that I quote are the lowest wholesale rates that I can offer. I don’t get a single penny from a lender for offering the true wholesale rate. I also don’t get a penny from an escrow company, title company or appraiser. No Christmas gifts or backdoor deals either.

I CHOOSE to be upfront and to tell people how much my services will cost for their loan, and I don’t tack on any additional dirt bag fees.
I offer the lowest rate that I possibly can at that moment. Rates can change at any time. I have no control over rates going up or down, and the borrower decides when to lock. I will always try to get them an adjustment if I can.

Most mortgage people charge a fee up front AND over quote in rate so they can get a commission from the lender. Many people DO get screwed by mtg brokers.
I point out to a borrower if I will be getting anything from the lender; With refi loans I GUARANTEE what the total 3rd party closing costs will be. NO surprises at closing.

I can also offer even lower interest rates and disclose what the additional cost (that goes TO THE LENDER) will be
OR
the option to take a higher rate and have the commission from the lender credited towards my fee.

I explain the pros and cons of both. The best rate possible pays NO commission, not a penny… Commissions ONLY come from overcharging people in rate. Most people shop by rate and get screwed. It’s not only foolish, it’s stupid. Rates change very often similar to stocks, (but not as volatile)

I can usually lock a loan 24 hours a day, 7 days a week. I have access to credit scores that most others don’t have. This alone can make a difference of thousands of dollars over the life of a loan.

There’s a whole bunch of misinformation about the mortgage business and I will be the first to admit that there are still plenty of crooks & idiots that get plenty of business from clueless borrowers by lying and fooling them about rates and fees. The most foolish thing is that many people get loans from their friends, neighbors and relatives who are usually screwing them beyond belief. Easy business that they don’t have to earn.

That only addresses rate. In addition to offering wholesale rates, I provide service and education to anybody who wants it, and I’m not expensive. I’m usually available 7 days a week, and attend the loan signings of most of my borrowers. While most mortgages are originated by a salesperson and then passed off to a processor, I deal with a borrower personally all the way through to signing.

Whatever your experience with anybody in the mortgage business has ever been, you don’t know ME. I can’t be the only one, but I don’t know anyone else that is as transparent as I am.

I don’t hide anything and will answer any questions with the truth. I figure out ways to save people money whenever I can.

I’ll put my integrity, ethics and interest of the borrower up to anybody you choose. For those that shop by rate alone and want no cost loans and think that they know what they are doing, they are usually being foolish about the largest financial transaction of their life.

I don’t care if people shop, but the problem is they don’t understand how to shop. I’m not expensive, and even if someone charges less than me, they probably don’t offer what I can and do.

I provide a valuable service and peace of mind for those that are intelligent enough to recognize it. Most people get fooled. I know what goes on but very few consumers do. …HLS

[HLS]

BREEZE, Unfortunately, like most people, you don’t understand loan pricing.

Since you asked,YES, I ALWAYS clearly disclose my TOTAL compensation UP FRONT. This is NOT what most mortgage people do. The industry deserves to be bashed, I do it on a regular basis.

Most mortgage originators don’t care about the borrower. This is no different than any other job/position caring about who they can sell something to so they can get a commission. Welcome to the world.

Mortgage industry groups ARE fighting against having to disclose what I already willingly disclose.

I work for the borrower, not the lender. By choice, I have absolutely no incentive to put someone into a crappy loan. Don’t confuse ME with anybody else.. The world is full of scumbags.

The “usual” course is that MOST people in any business will charge as much as they can get away with.
Attorneys, doctors, mechanics, plumbers, electricians, grocers, drug companies, truck drivers, gas stations, restaurants, military contractors, mortgage brokers, etc. etc. are all in business, and most overcharge whenever they can, to make a larger profit.. Also, many salaried employees are way overpaid for what they do.

To me, it’s all about personal accountability and a fiduciary responsibility. As MY choice, the rates that I quote are the lowest wholesale rates that I can offer. I don’t get a single penny from a lender for offering the true wholesale rate. I also don’t get a penny from an escrow company, title company or appraiser. No Christmas gifts or backdoor deals either.

I CHOOSE to be upfront and to tell people how much my services will cost for their loan, and I don’t tack on any additional dirt bag fees.
I offer the lowest rate that I possibly can at that moment. Rates can change at any time. I have no control over rates going up or down, and the borrower decides when to lock. I will always try to get them an adjustment if I can.

Most mortgage people charge a fee up front AND over quote in rate so they can get a commission from the lender. Many people DO get screwed by mtg brokers.
I point out to a borrower if I will be getting anything from the lender; With refi loans I GUARANTEE what the total 3rd party closing costs will be. NO surprises at closing.

I can also offer even lower interest rates and disclose what the additional cost (that goes TO THE LENDER) will be
OR
the option to take a higher rate and have the commission from the lender credited towards my fee.

I explain the pros and cons of both. The best rate possible pays NO commission, not a penny… Commissions ONLY come from overcharging people in rate. Most people shop by rate and get screwed. It’s not only foolish, it’s stupid. Rates change very often similar to stocks, (but not as volatile)

I can usually lock a loan 24 hours a day, 7 days a week. I have access to credit scores that most others don’t have. This alone can make a difference of thousands of dollars over the life of a loan.

There’s a whole bunch of misinformation about the mortgage business and I will be the first to admit that there are still plenty of crooks & idiots that get plenty of business from clueless borrowers by lying and fooling them about rates and fees. The most foolish thing is that many people get loans from their friends, neighbors and relatives who are usually screwing them beyond belief. Easy business that they don’t have to earn.

That only addresses rate. In addition to offering wholesale rates, I provide service and education to anybody who wants it, and I’m not expensive. I’m usually available 7 days a week, and attend the loan signings of most of my borrowers. While most mortgages are originated by a salesperson and then passed off to a processor, I deal with a borrower personally all the way through to signing.

Whatever your experience with anybody in the mortgage business has ever been, you don’t know ME. I can’t be the only one, but I don’t know anyone else that is as transparent as I am.

I don’t hide anything and will answer any questions with the truth. I figure out ways to save people money whenever I can.

I’ll put my integrity, ethics and interest of the borrower up to anybody you choose. For those that shop by rate alone and want no cost loans and think that they know what they are doing, they are usually being foolish about the largest financial transaction of their life.

I don’t care if people shop, but the problem is they don’t understand how to shop. I’m not expensive, and even if someone charges less than me, they probably don’t offer what I can and do.

I provide a valuable service and peace of mind for those that are intelligent enough to recognize it. Most people get fooled. I know what goes on but very few consumers do. …HLS

[HLS]

Nice set-up..
“rates seem to good to be true” ??

They appear to be a lot higher than my rates.
Misleading programs, appears to be adjustable rate.

READ THE FINE PRINT. Lots of exceptions and disclaimers. I’m not sure if it was this company or another with a similar offer, but I’ve had callers with complaints about being misled by these gimmicks.

The basis for a purchase appears to be that they rebate part of the sales commission to compensate for the loan.

I can arrange that for buyers also. A rebate of part of the commission, EXCEPT I don’t mislead people with lots of fine print and disclaimers.

“effective” rate of APR is another gimmick.

They appear to overcharge in rate. There are no free loans. There ARE gimmicks that confuse people and sound better than they really are.

You must be associated with them to say that about their rates.

Caveat Emptor… HLS http://www.HomeLoanSheldon.com
email: [email protected]

[HLS]

Nice set-up..
“rates seem to good to be true” ??

They appear to be a lot higher than my rates.
Misleading programs, appears to be adjustable rate.

READ THE FINE PRINT. Lots of exceptions and disclaimers. I’m not sure if it was this company or another with a similar offer, but I’ve had callers with complaints about being misled by these gimmicks.

The basis for a purchase appears to be that they rebate part of the sales commission to compensate for the loan.

I can arrange that for buyers also. A rebate of part of the commission, EXCEPT I don’t mislead people with lots of fine print and disclaimers.

“effective” rate of APR is another gimmick.

They appear to overcharge in rate. There are no free loans. There ARE gimmicks that confuse people and sound better than they really are.

You must be associated with them to say that about their rates.

Caveat Emptor… HLS http://www.HomeLoanSheldon.com
email: [email protected]

[HLS]

Nice set-up..
“rates seem to good to be true” ??

They appear to be a lot higher than my rates.
Misleading programs, appears to be adjustable rate.

READ THE FINE PRINT. Lots of exceptions and disclaimers. I’m not sure if it was this company or another with a similar offer, but I’ve had callers with complaints about being misled by these gimmicks.

The basis for a purchase appears to be that they rebate part of the sales commission to compensate for the loan.

I can arrange that for buyers also. A rebate of part of the commission, EXCEPT I don’t mislead people with lots of fine print and disclaimers.

“effective” rate of APR is another gimmick.

They appear to overcharge in rate. There are no free loans. There ARE gimmicks that confuse people and sound better than they really are.

You must be associated with them to say that about their rates.

Caveat Emptor… HLS http://www.HomeLoanSheldon.com
email: [email protected]

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