The Truth

By
Mortgage and Lending with Cherry Creek Mortgage
I realize this has happened to all of us but it ever gets easy to except. We quoted a new customer 7.5% / 7.875 APR. We did not get the deal... the customer had a good faith estimate for 6.25... however at the closing table the papers had 8% / 8.75 APR. We all know the story moving truck is loaded up etc... but this has to stop... we explained what could happen to this customer and they went ahead anyway... the customer will refi with us after their prepay is up...
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Rainmaker
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Philip Turner
MCCUE MORTGAGE COMPANY - New London, CT
Mortgage Banker Since 1980

Rick - It is hard to believe that the loan officer can live with him/herself doing that stuff.  I like to be able to go anywhere and not have to hide from anyone.

God Luck in 2008.

Jan 02, 2008 12:20 PM #1
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Rainmaker
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Rick Kellow

FHA & Reverse Mortgage Expert
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