THEY ALL SUCK.
Seriously. I have yet to meet one single mortgage broker that wasn't a complete hack job. NOT ONE.
Why is that, I wonder?
Is that something they teach in mortgage broker school- to be a complete hack, and to over promise and under deliver? Do they also teach you guys to NEVER ANSWER YOUR EFFING PHONES?
Inquiring minds want to know.
Wednesday, July 9, 2008
My Thoughts On Mortgage Brokers...
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7 comments:
You need to look in the right places. Did you contact your local Better Business Council? Did you try a mortgage broker who was a member of the Chamber of Commerce?
Stop calling every internet e-mail and TV ad you see.
I prefer to ask other investors for referrals, but thanks for the advice.
Also, I do not watch TV.
Look what state you're in.
Look how bad things are.
Look how it all happened.
There you go.
I don't blame the mortgage brokers for the mess we are in.
I blame the borrowers who didn't do their homework, and got into loans that they couldn't afford. They are the ones who signed the mortgage docs. As far as I know, no one was holding a gun to anyone's head.
People got greedy and now they are paying for it.
My experience pretty much mirrors yours Steph.
Mortgage brokers have very little control over a deal and it shows. They take an app and then prepare a package to submit to the actual lender. It's like from that point forward they become 'icognito'.
...My guess is it;s a combination of laziness and fear of having to discuss problems in the deal. Also lots of incompetency out there!
"a combination of laziness and fear of having to discuss problems in the deal..."
My thoughts exactly.
With the subprime meltdown and now with FHA imposing stricter
guidelines, getting a mortgage is now even harder than ever.
This presents a great opportunity for a business if you have
a product that can fill that void and that is what HSA, better
known as Home Seller Assist, does.
Created by a pool of investors with billions of dollars to lend
to home buyers with credit scores as low as 500, this product is
turning into a gold mine for those who refer buyers to them. They
actually pay you 1% of any loan funded up to $300,000
It is often preached to find a need and fill it, well, this no bank
qualifying program does just that. Email the site to some realtors,
investors, builders and buyers, and you'll be bringing some nice
checks with a good chance of repeat business!
Larry
http://www.webuyfastnow.com
http://www.fastsellerloans.com
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