Mortgage Blog

I have some buyers/borrowers asked me to refer some handyman in the
central valley(Stockton/Sacramento) area. I do know someone over there.
He is really good, and because of that he is very busy. And to keep
the good quality of his work and for the reasonable rates, he can not take
all the clients I referred. This good relationship should be maintained
when you have some rentals and if you are not that handy.

It is the same for the Loan Agents and Real Estate brokers. When you
have a very good agent, try your best to keep working with them, a real
good agent will save your money, and time when you do the purchase
and refinance(and perce of mind). Our time is limited  and we should work for those dedictaed clients and friends.

As the buyer/borrower, you would like your agent to keep promise of the
rate he/she quoted. But as an agent, he/she hopes the borrower will not
cancel the signed loan docs just because the market dropped 0.125%.
If some borrowers do not have such commitment, then they may not be able to
find good agents willing to work for them, the reason is very very simple,
we can not qurantee the market rate will not go lower, even though we know
the trend. And the 0.125% rate change is very normal.

My May newsletter is just out. Have a good weekend.