Reason(s) Not to Go With the Cheapest Loan/Lender By definition, all real estate is unique. Money isn’t. (In economists’ lingo, money — and other commodities like aluminum, corn, and lumber — are what’s called “fungible”). So, is there a reason for prospective home Buyers (and mortgage borrowers) not to simply get the cheapest loan they can...Read More
“Top 10” Job Duties In their lifetime, the average home owner may deal with 4 or 5 lenders (perhaps a few more these days, given serial refinancing at ever-lower rates). By contrast, a busy, experienced Realtor can easily deal with 15-20 lenders in a year, on both sides of deals (that is, as both a...Read More
Exhibit A: Reaching the Lender in the Middle of Multiple Offers Prospective mortgage borrowers correctly pick lenders based on their interest rates and fees (it’s the combination of both that matters). But, good client service can matter just as much — or more. Exhibit A: my Buyer was involved in multiple offers last week, and raised...Read More
