Tag Archive for: rate quotes

The Mother Of All Misleading Rate Quotes; Beware!

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A client recently shared one of the most shockingly audacious and misleading rate quotes we have ever seen. It is definitely a sign of the times (loan officers get desperate when the market is slower), and yes, the loan officer was with a huge “call center” company.Read More

Deciphering Bullsh*t Rate Quotes

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As loan officers fight tooth and nail for business in a very low-volume environment, we are seeing desperation on the rate-quote front … again. We saw so much nonsense last week alone that I felt compelled to blog about it again.Read More

Quoting Rates Honestly (Seems Obvious, But…)

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We recently quoted an interest rate to a borrower in contract, but before we had a chance to lock the rate, rates improved by 1/8%. So naturally, we locked the […]Read More

5 Misleading Rate Quote Tricks!

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Yesterday, we had another borrower come to us with a ridiculously low rate quote for a 75% LTV cash out investment property loan; the loan officer had simply misquoted because he missed all of the “hits” or rate-increases that are associated with such a loan.Read More

7 Dangers From Falling for “Rate Quotes”

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Our borrowers come to us constantly with rate quotes from other lenders, and that is all well and good because our rates are very low and we love competition! What […]Read More

Factors That Affect A Borrower’s Rate

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Borrowers often come to us after getting misleading rate quotes from large banks or online lenders. This is because the loan officers sometimes quote rates before obtaining all of the […]Read More

Why Rate Quotes Are Misleading Before You’re in Contract

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Rate quotes before a buyer is in contract can be misleading. Many lenders quote low rates upfront, but accurate pricing depends on the defined escrow period.Read More