[HLS]

CA, Good comments.

Lots of politicians are lawyers too, and there are plenty of scams by people with lots of degrees and letters after their names.

In any skill or profession, it seems to have a lot to do with one’s parents and how a child is brought up. Having good role models and an ethical upbringing is what matters.

Gotta hope that the baby sitters, nannies and day care providers of today do a good job bringing up other people’s kids these days.
We are breeding a society that doesn’t want to see right from wrong. It’s what is easy and who can they scam for easy money.

It’s hard to teach ethics, morals, honesty and integrity.
It’s a lot easier to teach someone to be dishonest and the lure of easy money has its own temptation.
Boiler room scams and dishonest sales people brag about how much they ripped someone off (in many products)

A tiny difference on a loan can cost the borrower a bunch. Pushing the rate just a quarter of a point on a $400K loan will cost the borrower about $800 a year or $24,000 over 30 years just so the loan originator could get a $3000 commission from the lender. It isn’t right.

My most favorite quote ever:
“It is hard to believe that a man is telling the truth when you know that you would lie if you were in his place.”
— Henry Mencken

[HLS]

CA, Good comments.

Lots of politicians are lawyers too, and there are plenty of scams by people with lots of degrees and letters after their names.

In any skill or profession, it seems to have a lot to do with one’s parents and how a child is brought up. Having good role models and an ethical upbringing is what matters.

Gotta hope that the baby sitters, nannies and day care providers of today do a good job bringing up other people’s kids these days.
We are breeding a society that doesn’t want to see right from wrong. It’s what is easy and who can they scam for easy money.

It’s hard to teach ethics, morals, honesty and integrity.
It’s a lot easier to teach someone to be dishonest and the lure of easy money has its own temptation.
Boiler room scams and dishonest sales people brag about how much they ripped someone off (in many products)

A tiny difference on a loan can cost the borrower a bunch. Pushing the rate just a quarter of a point on a $400K loan will cost the borrower about $800 a year or $24,000 over 30 years just so the loan originator could get a $3000 commission from the lender. It isn’t right.

My most favorite quote ever:
“It is hard to believe that a man is telling the truth when you know that you would lie if you were in his place.”
— Henry Mencken

[HLS]

Rayb..
Nor do I disgree with you…
Based on KPP’s account,
I don’t need to “know” Joice to know that I don’t like her service…Some people are passive aggressive and know that they have their client wrapped around their finger and they aren’t going to walk, which this appears to be…but of course you are right, there are 3 sides to a 2 party story.

IF KPP truly didn’t know rates, fees and costs, then something was wrong from the beginning.
Since KPP has no idea of a rate or fee, after the tantrum it may be costing them more today than yesterday.

There are some mortgage people that say YES to everything.
(I am NOT saying this about “Joice”) They mislead people with rates, fees and programs, but keep hunting to try and get the loan done. Perhaps KPP doesn’t qualify for anything, and J has been stringing them along…
I cannot tell you why J was throwing a fit, perhaps it wasn’t the first in thsi transaction. Some people like to be abused.

For the record, KPP did email me, but said that they want to try and work it out with “Joice”…

I had a situation where I could have saved a borrower about $3,000 but he needed to pay for an appraisal at $350.
He stuck with scumbag and rewarded him because it was almost done (it had taken a month) I was still able to save borrower $1000 from scumbag.

You’d be amazed at how many people KNOW they are getting a crappy loan AND crappy service, and go ahead and sign anyway.

Buying down a loan is a personal decision that pays off in the long run, IF the loan is kept long term. It’s the same fee TO THE LENDER whether you keep the loan 2 yrs or 30 yrs.
Some people just cannot afford it, or it may not make sense if it takes 5-7 yrs to benefit from the cost.

[HLS]

Rayb..
Nor do I disgree with you…
Based on KPP’s account,
I don’t need to “know” Joice to know that I don’t like her service…Some people are passive aggressive and know that they have their client wrapped around their finger and they aren’t going to walk, which this appears to be…but of course you are right, there are 3 sides to a 2 party story.

IF KPP truly didn’t know rates, fees and costs, then something was wrong from the beginning.
Since KPP has no idea of a rate or fee, after the tantrum it may be costing them more today than yesterday.

There are some mortgage people that say YES to everything.
(I am NOT saying this about “Joice”) They mislead people with rates, fees and programs, but keep hunting to try and get the loan done. Perhaps KPP doesn’t qualify for anything, and J has been stringing them along…
I cannot tell you why J was throwing a fit, perhaps it wasn’t the first in thsi transaction. Some people like to be abused.

For the record, KPP did email me, but said that they want to try and work it out with “Joice”…

I had a situation where I could have saved a borrower about $3,000 but he needed to pay for an appraisal at $350.
He stuck with scumbag and rewarded him because it was almost done (it had taken a month) I was still able to save borrower $1000 from scumbag.

You’d be amazed at how many people KNOW they are getting a crappy loan AND crappy service, and go ahead and sign anyway.

Buying down a loan is a personal decision that pays off in the long run, IF the loan is kept long term. It’s the same fee TO THE LENDER whether you keep the loan 2 yrs or 30 yrs.
Some people just cannot afford it, or it may not make sense if it takes 5-7 yrs to benefit from the cost.

[HLS]

Rayb..
Nor do I disgree with you…
Based on KPP’s account,
I don’t need to “know” Joice to know that I don’t like her service…Some people are passive aggressive and know that they have their client wrapped around their finger and they aren’t going to walk, which this appears to be…but of course you are right, there are 3 sides to a 2 party story.

IF KPP truly didn’t know rates, fees and costs, then something was wrong from the beginning.
Since KPP has no idea of a rate or fee, after the tantrum it may be costing them more today than yesterday.

There are some mortgage people that say YES to everything.
(I am NOT saying this about “Joice”) They mislead people with rates, fees and programs, but keep hunting to try and get the loan done. Perhaps KPP doesn’t qualify for anything, and J has been stringing them along…
I cannot tell you why J was throwing a fit, perhaps it wasn’t the first in thsi transaction. Some people like to be abused.

For the record, KPP did email me, but said that they want to try and work it out with “Joice”…

I had a situation where I could have saved a borrower about $3,000 but he needed to pay for an appraisal at $350.
He stuck with scumbag and rewarded him because it was almost done (it had taken a month) I was still able to save borrower $1000 from scumbag.

You’d be amazed at how many people KNOW they are getting a crappy loan AND crappy service, and go ahead and sign anyway.

Buying down a loan is a personal decision that pays off in the long run, IF the loan is kept long term. It’s the same fee TO THE LENDER whether you keep the loan 2 yrs or 30 yrs.
Some people just cannot afford it, or it may not make sense if it takes 5-7 yrs to benefit from the cost.

[HLS]

Rayb..
Nor do I disgree with you…
Based on KPP’s account,
I don’t need to “know” Joice to know that I don’t like her service…Some people are passive aggressive and know that they have their client wrapped around their finger and they aren’t going to walk, which this appears to be…but of course you are right, there are 3 sides to a 2 party story.

IF KPP truly didn’t know rates, fees and costs, then something was wrong from the beginning.
Since KPP has no idea of a rate or fee, after the tantrum it may be costing them more today than yesterday.

There are some mortgage people that say YES to everything.
(I am NOT saying this about “Joice”) They mislead people with rates, fees and programs, but keep hunting to try and get the loan done. Perhaps KPP doesn’t qualify for anything, and J has been stringing them along…
I cannot tell you why J was throwing a fit, perhaps it wasn’t the first in thsi transaction. Some people like to be abused.

For the record, KPP did email me, but said that they want to try and work it out with “Joice”…

I had a situation where I could have saved a borrower about $3,000 but he needed to pay for an appraisal at $350.
He stuck with scumbag and rewarded him because it was almost done (it had taken a month) I was still able to save borrower $1000 from scumbag.

You’d be amazed at how many people KNOW they are getting a crappy loan AND crappy service, and go ahead and sign anyway.

Buying down a loan is a personal decision that pays off in the long run, IF the loan is kept long term. It’s the same fee TO THE LENDER whether you keep the loan 2 yrs or 30 yrs.
Some people just cannot afford it, or it may not make sense if it takes 5-7 yrs to benefit from the cost.

[HLS]

Rayb..
Nor do I disgree with you…
Based on KPP’s account,
I don’t need to “know” Joice to know that I don’t like her service…Some people are passive aggressive and know that they have their client wrapped around their finger and they aren’t going to walk, which this appears to be…but of course you are right, there are 3 sides to a 2 party story.

IF KPP truly didn’t know rates, fees and costs, then something was wrong from the beginning.
Since KPP has no idea of a rate or fee, after the tantrum it may be costing them more today than yesterday.

There are some mortgage people that say YES to everything.
(I am NOT saying this about “Joice”) They mislead people with rates, fees and programs, but keep hunting to try and get the loan done. Perhaps KPP doesn’t qualify for anything, and J has been stringing them along…
I cannot tell you why J was throwing a fit, perhaps it wasn’t the first in thsi transaction. Some people like to be abused.

For the record, KPP did email me, but said that they want to try and work it out with “Joice”…

I had a situation where I could have saved a borrower about $3,000 but he needed to pay for an appraisal at $350.
He stuck with scumbag and rewarded him because it was almost done (it had taken a month) I was still able to save borrower $1000 from scumbag.

You’d be amazed at how many people KNOW they are getting a crappy loan AND crappy service, and go ahead and sign anyway.

Buying down a loan is a personal decision that pays off in the long run, IF the loan is kept long term. It’s the same fee TO THE LENDER whether you keep the loan 2 yrs or 30 yrs.
Some people just cannot afford it, or it may not make sense if it takes 5-7 yrs to benefit from the cost.

[HLS]

RUST,
The usual fee is 1% and there may or may not be a processing fee. Depends on the complexity of the file.
No other garbage fees.
I currently cap that fee for loans above $650K..
I don’t get a penny from the lender in commission unless the borrower wants the fee paid that way.
(For agents or repeat clients I might be negotiable, but I am well worth what I charge)

People don’t realize the variation in rates out there, so without knowing what they are doing, many people fall for one gimmick or another…
Nobody can guarantee that they offer the lowest rates possible, too many variations.

People who think that they are getting the loan for free are just prey of a predator.

Millions of people thought they were being smart by not paying a few thousand dollars for ethical advice, now it’s costing them tens (or hundreds) of thousands.

I’ve explained to plenty of people that they really weren’t ready to buy a house, and sent away loans that others would have gladly done for the fees.

Perhaps I can’t help everybody, but based on what’s out there today, there are plenty of people who have needed me or someone like me.

You don’t get free legal or tax services, but many think that they can get free loans. People have jobs that they get paid to do, but don’t think that they should pay to get sound advice when getting a loan. (Millions $ are wasted in mutual fund mgt fees)

I have been so angry about some fees and loans that I see others have been screwed into, and it was just for the commissions generated. The only thing that I can do is the right thing. I’m a phone call or email away for anybody on this board.

Ray, I respect your reply, but come on.
I offer Nordstrom’s customer service not swap meet hustle.
A fax either arrives in 60 seconds or it doesn’t. If it doesn’t, ya send it again, IMMEDIATELY, not wait until the next day. Borrower said that Kinko’s didn’t receive it either.

I’m dying to know what KPP is being charged to take abuse and crappy service, (I don’t care how difficult the client might be) For what is probably the largest transaction of their life, I think they deserve to be able to sleep comfortably and not be aggravated over their loan.

The crappy service is not a surprise to me, but the clients attitude is.
I am almost positive that “Joice” will be charging more than I would, and probably not offer as good of rate nor service.

I already know that KBB didn’t get the education or service that they are paying for. So sad.

[HLS]

RUST,
The usual fee is 1% and there may or may not be a processing fee. Depends on the complexity of the file.
No other garbage fees.
I currently cap that fee for loans above $650K..
I don’t get a penny from the lender in commission unless the borrower wants the fee paid that way.
(For agents or repeat clients I might be negotiable, but I am well worth what I charge)

People don’t realize the variation in rates out there, so without knowing what they are doing, many people fall for one gimmick or another…
Nobody can guarantee that they offer the lowest rates possible, too many variations.

People who think that they are getting the loan for free are just prey of a predator.

Millions of people thought they were being smart by not paying a few thousand dollars for ethical advice, now it’s costing them tens (or hundreds) of thousands.

I’ve explained to plenty of people that they really weren’t ready to buy a house, and sent away loans that others would have gladly done for the fees.

Perhaps I can’t help everybody, but based on what’s out there today, there are plenty of people who have needed me or someone like me.

You don’t get free legal or tax services, but many think that they can get free loans. People have jobs that they get paid to do, but don’t think that they should pay to get sound advice when getting a loan. (Millions $ are wasted in mutual fund mgt fees)

I have been so angry about some fees and loans that I see others have been screwed into, and it was just for the commissions generated. The only thing that I can do is the right thing. I’m a phone call or email away for anybody on this board.

Ray, I respect your reply, but come on.
I offer Nordstrom’s customer service not swap meet hustle.
A fax either arrives in 60 seconds or it doesn’t. If it doesn’t, ya send it again, IMMEDIATELY, not wait until the next day. Borrower said that Kinko’s didn’t receive it either.

I’m dying to know what KPP is being charged to take abuse and crappy service, (I don’t care how difficult the client might be) For what is probably the largest transaction of their life, I think they deserve to be able to sleep comfortably and not be aggravated over their loan.

The crappy service is not a surprise to me, but the clients attitude is.
I am almost positive that “Joice” will be charging more than I would, and probably not offer as good of rate nor service.

I already know that KBB didn’t get the education or service that they are paying for. So sad.

[HLS]

RUST,
The usual fee is 1% and there may or may not be a processing fee. Depends on the complexity of the file.
No other garbage fees.
I currently cap that fee for loans above $650K..
I don’t get a penny from the lender in commission unless the borrower wants the fee paid that way.
(For agents or repeat clients I might be negotiable, but I am well worth what I charge)

People don’t realize the variation in rates out there, so without knowing what they are doing, many people fall for one gimmick or another…
Nobody can guarantee that they offer the lowest rates possible, too many variations.

People who think that they are getting the loan for free are just prey of a predator.

Millions of people thought they were being smart by not paying a few thousand dollars for ethical advice, now it’s costing them tens (or hundreds) of thousands.

I’ve explained to plenty of people that they really weren’t ready to buy a house, and sent away loans that others would have gladly done for the fees.

Perhaps I can’t help everybody, but based on what’s out there today, there are plenty of people who have needed me or someone like me.

You don’t get free legal or tax services, but many think that they can get free loans. People have jobs that they get paid to do, but don’t think that they should pay to get sound advice when getting a loan. (Millions $ are wasted in mutual fund mgt fees)

I have been so angry about some fees and loans that I see others have been screwed into, and it was just for the commissions generated. The only thing that I can do is the right thing. I’m a phone call or email away for anybody on this board.

Ray, I respect your reply, but come on.
I offer Nordstrom’s customer service not swap meet hustle.
A fax either arrives in 60 seconds or it doesn’t. If it doesn’t, ya send it again, IMMEDIATELY, not wait until the next day. Borrower said that Kinko’s didn’t receive it either.

I’m dying to know what KPP is being charged to take abuse and crappy service, (I don’t care how difficult the client might be) For what is probably the largest transaction of their life, I think they deserve to be able to sleep comfortably and not be aggravated over their loan.

The crappy service is not a surprise to me, but the clients attitude is.
I am almost positive that “Joice” will be charging more than I would, and probably not offer as good of rate nor service.

I already know that KBB didn’t get the education or service that they are paying for. So sad.

[HLS]

RUST,
The usual fee is 1% and there may or may not be a processing fee. Depends on the complexity of the file.
No other garbage fees.
I currently cap that fee for loans above $650K..
I don’t get a penny from the lender in commission unless the borrower wants the fee paid that way.
(For agents or repeat clients I might be negotiable, but I am well worth what I charge)

People don’t realize the variation in rates out there, so without knowing what they are doing, many people fall for one gimmick or another…
Nobody can guarantee that they offer the lowest rates possible, too many variations.

People who think that they are getting the loan for free are just prey of a predator.

Millions of people thought they were being smart by not paying a few thousand dollars for ethical advice, now it’s costing them tens (or hundreds) of thousands.

I’ve explained to plenty of people that they really weren’t ready to buy a house, and sent away loans that others would have gladly done for the fees.

Perhaps I can’t help everybody, but based on what’s out there today, there are plenty of people who have needed me or someone like me.

You don’t get free legal or tax services, but many think that they can get free loans. People have jobs that they get paid to do, but don’t think that they should pay to get sound advice when getting a loan. (Millions $ are wasted in mutual fund mgt fees)

I have been so angry about some fees and loans that I see others have been screwed into, and it was just for the commissions generated. The only thing that I can do is the right thing. I’m a phone call or email away for anybody on this board.

Ray, I respect your reply, but come on.
I offer Nordstrom’s customer service not swap meet hustle.
A fax either arrives in 60 seconds or it doesn’t. If it doesn’t, ya send it again, IMMEDIATELY, not wait until the next day. Borrower said that Kinko’s didn’t receive it either.

I’m dying to know what KPP is being charged to take abuse and crappy service, (I don’t care how difficult the client might be) For what is probably the largest transaction of their life, I think they deserve to be able to sleep comfortably and not be aggravated over their loan.

The crappy service is not a surprise to me, but the clients attitude is.
I am almost positive that “Joice” will be charging more than I would, and probably not offer as good of rate nor service.

I already know that KBB didn’t get the education or service that they are paying for. So sad.

[HLS]

RUST,
The usual fee is 1% and there may or may not be a processing fee. Depends on the complexity of the file.
No other garbage fees.
I currently cap that fee for loans above $650K..
I don’t get a penny from the lender in commission unless the borrower wants the fee paid that way.
(For agents or repeat clients I might be negotiable, but I am well worth what I charge)

People don’t realize the variation in rates out there, so without knowing what they are doing, many people fall for one gimmick or another…
Nobody can guarantee that they offer the lowest rates possible, too many variations.

People who think that they are getting the loan for free are just prey of a predator.

Millions of people thought they were being smart by not paying a few thousand dollars for ethical advice, now it’s costing them tens (or hundreds) of thousands.

I’ve explained to plenty of people that they really weren’t ready to buy a house, and sent away loans that others would have gladly done for the fees.

Perhaps I can’t help everybody, but based on what’s out there today, there are plenty of people who have needed me or someone like me.

You don’t get free legal or tax services, but many think that they can get free loans. People have jobs that they get paid to do, but don’t think that they should pay to get sound advice when getting a loan. (Millions $ are wasted in mutual fund mgt fees)

I have been so angry about some fees and loans that I see others have been screwed into, and it was just for the commissions generated. The only thing that I can do is the right thing. I’m a phone call or email away for anybody on this board.

Ray, I respect your reply, but come on.
I offer Nordstrom’s customer service not swap meet hustle.
A fax either arrives in 60 seconds or it doesn’t. If it doesn’t, ya send it again, IMMEDIATELY, not wait until the next day. Borrower said that Kinko’s didn’t receive it either.

I’m dying to know what KPP is being charged to take abuse and crappy service, (I don’t care how difficult the client might be) For what is probably the largest transaction of their life, I think they deserve to be able to sleep comfortably and not be aggravated over their loan.

The crappy service is not a surprise to me, but the clients attitude is.
I am almost positive that “Joice” will be charging more than I would, and probably not offer as good of rate nor service.

I already know that KBB didn’t get the education or service that they are paying for. So sad.

[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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