Nevada Real Estate >> Las Vegas Real Estate Specialist: New Jersey: East Brunswick

I Guarantee to Meet or Beat Any Lenders Interest Rates or terms!

 

I PROMISE….  I GUARANTEE… I AM THE BEST…. I AM THE CHEAPEST

 

I guarantee - I promise

 

Do people still fall for such phrases as the best interest rate? Or guarantees with fine print or misleading titles or misleading fine print? Haven't many of us learned from this or from others that fell for it? How about common sense? Or just the fact that you get what you pay for.

Let's look into this a little further. I will tell you that I will guarantee you the best interest rate. But did I guarantee you that you will close on time or even close? Did I guarantee you or promise you that I can be reached very easily or that I will follow up with you often? This part of the business is called "service" or "customer service".

 

 

TIME IS MONEY

 

People fail to realize that buying a house from a realtor and using a loan officer to help you with your mortgage comes with time. And we aren't talking about a few hours of my time. It's not like buying a tv, that you go to a store and talk to the sales person. The sales person answers some of your questions and gives you some recommendations, then you buy the product and you are out the door. A good loan officer is not done with the borrower until the loan closes.  This could be 3 to 8 weeks. I will tell borrowers that I am not the cheapest, but I will be competitive.  I know what it takes to properly educate a borrower about the whole process, to give them excellent customer service, and to fit them into the proper loan program.

 

 

Integrity for mortgages and real estate

There could be so much said for integrity. To me, it's being upfront, being honest, and being  sincere in what I state and do for my clients. There is so much misinformation out there and many questions that are answered incorrectly or with the wrong answers. But sometimes you don't know until it's too late.

Just a month ago I had a borrower apply for a USDA loan. I was more than happy to help and because it was the best program for them. Their realtors loan officer told their realtor that they would be best with a FHA loan. First off, these borrowers never spoke to the loan officer. So how would he know?  Maybe because he was most comfortable with FHA loans? What about what's best for the borrower?  Remember the pay option arm, a loan program that gave you 4 payment options. Many loan officers sold this program, stating that it had a fixed rate, and that this was the best loan program out there. It was a good program if used correcly and if it was explained correctly.  But a quick fyi...  this loan paid the most to loan officers, hence why many sold it, even if it wasn't good for that borrower.

Just the other day I had a realtor tell me that their loan officer told them that all lenders had the same FHA rate of 5.0%.  hhhmmm... That is partially correct and that statement alone is very misleading. Yes, all lenders have a 5% rate for FHA loans.  But at what cost to the borrower?  Something that the loan officer failed to explain. What is that phrase? What I don't tell you, you don't know? So if I don't explain all of this in detail to the borrower, will they fully understand?  Normally not.

 

 

 

Summary :  In the world of mortgages, there is a cost for everything. Some will charge you less, some will charge you more, and some will be right in the middle.  I like to think of myself giving borrowers a good deal, because I know what I will be doing for my client. Not the best deal. I know that I will educate them properly, steer them in the right direction, be available more than the average person, and get the deal done. And one very important issue....  if a problem arises, everyone will know about it when I know about it, and not at the end. This is something that many find out at the end. So what did that great rate get you?  People, stop falling for such things as Guarantee 10 day closings, best rates, etc, etc. These are gimmicks and marketing ploys. If I didn't have to be on top of things constantly, know what I am doing, and so much more, I would easily give the best rate all the time. But then again, define best rate?  Ah....  to me the best rate would be something that doesn't cost me anything at all. So how can one say best to begin with?  Just food for thought.

Lastly... when shopping for a mortgage, if you base your decision just because someone was the cheapest on paper, this could be a very bad decision on your part.

 

 

 

My guarantee to you?  I won’t be the cheapest. I won’t be the most expensive. I will be competitive and very fair…. And most of all, if I say yes to your loan, I will close it. (except for things not in my control. Such things as bad appraisals, items on title, etc, etc.)

 

 

 

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- FHA Loans - USDA Loans - VA Loans -

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Experience & Knowledge at its BEST !!!

 

 

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For more information on FHA loans, please go to this link. The FHA Expert

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags!

HUD

Important Information about the First Time Homebuyers Tax Credit

 

Copyright © 2010 by Jeff Belonger of Infinity Home Mortgage Company, Inc

_____________________________________________________________________________________________________________________________

 

 

follow Jeff Belonger on Twitter

 

The FHA Expert's fan page on Facebook     Add Jeff Belonger to your network @ LinkedIN

                                                                            FOLLOW ME ON FACEBOOK

 

 

- FHA Loans - USDA Loans - VA Loans -

- Energy Efficient Mortgages - 

- Conventional Loans - 203 k loans -

- FHA Home Loans - Mortgages -

 

Experience & Knowledge at its BEST !!!

 

 

Follow me on:

Mortgage Myth Busters

 

______________________________________________________________________________________________________________

For more information on FHA loans, please go to this link. The FHA Expert

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags!

HUD

 

For information about FHA myths & FHA rumors, please read : FHA Myths & Rumors

 

Copyright © 2011 by Jeff Belonger of Infinity Home Mortgage Company, Inc

Comment balloon 16 commentsJeff Belonger • April 17 2010 10:40AM
I Guarantee to Meet or Beat Any Lenders Interest Rates or terms!
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