Forum Replies Created
-
AuthorPosts
-
HLS
ParticipantSeattle & 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.
ParticipantIf I understand this right, you are now going to beg this woman to do your loan, and you have no idea what the rate is and what you are being charged…….
I’m speechless….
If everything is smooth and you have your documentation available, it is possible for me to get this done in about a week to 10 days.
Sticking with her is not sensible.
ParticipantIf I understand this right, you are now going to beg this woman to do your loan, and you have no idea what the rate is and what you are being charged…….
I’m speechless….
If everything is smooth and you have your documentation available, it is possible for me to get this done in about a week to 10 days.
Sticking with her is not sensible.
ParticipantIf I understand this right, you are now going to beg this woman to do your loan, and you have no idea what the rate is and what you are being charged…….
I’m speechless….
If everything is smooth and you have your documentation available, it is possible for me to get this done in about a week to 10 days.
Sticking with her is not sensible.
ParticipantIf I understand this right, you are now going to beg this woman to do your loan, and you have no idea what the rate is and what you are being charged…….
I’m speechless….
If everything is smooth and you have your documentation available, it is possible for me to get this done in about a week to 10 days.
Sticking with her is not sensible.
ParticipantIf I understand this right, you are now going to beg this woman to do your loan, and you have no idea what the rate is and what you are being charged…….
I’m speechless….
If everything is smooth and you have your documentation available, it is possible for me to get this done in about a week to 10 days.
Sticking with her is not sensible.
ParticipantRAY, what planet do you come from that you want to justify that customer service…
Give me a break,, There is ABSOLUTELY NO EXCUSE for anyone having to ask for something more than once, and there are certain things that they should receive without even asking.
It amazes me how borrowers put up with this crap,, and are WILLING to take it..
ParticipantRAY, what planet do you come from that you want to justify that customer service…
Give me a break,, There is ABSOLUTELY NO EXCUSE for anyone having to ask for something more than once, and there are certain things that they should receive without even asking.
It amazes me how borrowers put up with this crap,, and are WILLING to take it..
ParticipantRAY, what planet do you come from that you want to justify that customer service…
Give me a break,, There is ABSOLUTELY NO EXCUSE for anyone having to ask for something more than once, and there are certain things that they should receive without even asking.
It amazes me how borrowers put up with this crap,, and are WILLING to take it..
ParticipantRAY, what planet do you come from that you want to justify that customer service…
Give me a break,, There is ABSOLUTELY NO EXCUSE for anyone having to ask for something more than once, and there are certain things that they should receive without even asking.
It amazes me how borrowers put up with this crap,, and are WILLING to take it..
ParticipantRAY, what planet do you come from that you want to justify that customer service…
Give me a break,, There is ABSOLUTELY NO EXCUSE for anyone having to ask for something more than once, and there are certain things that they should receive without even asking.
It amazes me how borrowers put up with this crap,, and are WILLING to take it..
ParticipantKPP,,
You want some help TONIGHT ??
email me your phone number to [email protected]How on earth can you even WANT to continue to work with someone like this??
She never told you rate or fees ??
She might have just done you a favor.ParticipantKPP,,
You want some help TONIGHT ??
email me your phone number to [email protected]How on earth can you even WANT to continue to work with someone like this??
She never told you rate or fees ??
She might have just done you a favor.ParticipantKPP,,
You want some help TONIGHT ??
email me your phone number to [email protected]How on earth can you even WANT to continue to work with someone like this??
She never told you rate or fees ??
She might have just done you a favor. -
AuthorPosts
