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re: Why I am glad I had a mortgage broker.

Posted on 6/22/13 at 6:35 am to
Posted by ItNeverRains
37069
Member since Oct 2007
25617 posts
Posted on 6/22/13 at 6:35 am to
quote:

OP: You're seriously buying into an extremely polished sales job. A guy cut his % from 1.5 to 1.425%????


GFUNK, weren't you a lender pre crash? If so, you may not know the massaging you could do before the new lending laws were passes are much much different than today's environment. The kin folk era of lending is no longer.
Posted by GFunk
Denham Springs
Member since Feb 2011
14966 posts
Posted on 6/23/13 at 2:36 pm to
quote:

ItNeverRains


quote:

GFUNK, weren't you a lender pre crash? If so, you may not know the massaging you could do before the new lending laws were passes are much much different than today's environment. The kin folk era of lending is no longer.


7.5 basis points on that end-in any economy-is a joke. I don't care what environment you're in.

3.625 is what we closed at. Discounting down to 3.5-which is 12.5 points-was just over $700. $56/point.

Using that math, the gushing the OP is doing is more than likely salesmanship more than reality...he cut less than $50....

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