Every time a rule is made regarding loans it affects the pay of everyone in real estate. HVCC killed many transactions. New underwriting guidelines make loans for self employed borrowers near impossible. FHA increased MI premiums (they go up again soon!) make it more expensive for people to buy a home. Now it is over regulation of brokers who cost consumers up to 2% less than big banks.
Why is the Fed speding so much money overregulating brokers when broker loan products and services are more consumer friendly? Prices for loans will increase and it will make it harder for real estate agents and others in the real estate business to close transactions.
How to Shop Mortgage Rates
View this in 1080 HD by clicking next to "CC" at bottom
Fast - efficient - competitive
This is not a guarantee to lend. Rates subject to change without notice.
Nevin Williams II
Sierra Pacific Mortgage Company Phone: 888-206-5781 (919) 863-4370
NMLS #: 69651
5500 McNeely Dr #103 Raleigh NC 27612
Company NMLS # 1788 | www.nmlsconsumeraccess.org
Rates, terms and programs subject to change based on market conditions and borrower eligibility