Why do Loan Officers and mortgage companies offer every possible loan under the sun? Even though so many loan programs have evaporated in the last year, there are still, just to name a few:
FHA/VA/Fannie Mae/Freddie Mac/jumbo/super jumbo/DPA programs/stated inc/investor/purchase/refinance/option arms/commercial/subprime/sisa/no doc/mixed use properties/hard money/non-warrantable condos/rural properties/lot loans/construction to perm loans.... I can go on and on.
All are different animals. All have different guidelines that constantly change. You can even mix and match to create more categories. It's too much for one person or company or even a website to do. Or at least to do it right.
Where I'm going with this is LO's and Mortgage Companies need to focus on a select niche to best serve their clients and to be successful. It's ok to say "We only do this" or "We don't do that". However, LO's sure have a tough time saying that to clients or Realtors they work with.
Other industries have figured that out. The mortgage industry has yet to. Doctors specialize in certain medicine. Attorneys practice certain categories of law. Even restaurants only serve certain types of food. Ever see a Greek/Italian/Mexican/American/Sushi/Chinese/Korean/BBQ/Steak House? Of course not, the food would be terrible. That's how it is in the mortgage industry.
This refinance calculator focuses on consolidating debt and gives a complete analysis while you remain anonymous. Avoid the hassle of four lenders calling.
Thursday, July 3, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment