ANGRY ABOUT YOUR MORTGAGE OPTIONS?
I read this recent blog post and got angry myself. For a different reason than the writer.
He seems to be upset because banks/lenders are using systems to offer higher rates to current, valued clients. Hmmm….. At first glance I would agree and be upset. Yes, you want to give your best customers your best products and rates.
He then goes on to suggest that people who are going to need a mortgage should assume that the lender is trying to “screw” them and shop “hard.”
I am not clear what he means by shopping hard, but I think I have a sense. Talk to as many people as you can, use one lender’s rate against the others, and have them negotiate. Hmmm….
I have always felt that it is perfectly fine to talk with a few lenders. Only if you feel completely comfortable and confident that they are professional, ethical loan officers. If the answer is yes, then you should be getting the “best offer” upfront. And let’s remember how tight the mortgage programs have become, and interest rate is really one of the last items to worry about.
RSS Feed
Leave a Reply