February 10th, 2012 8:56 AM by Eric Fang
Listen to a webinar this morning about a loan program for homepath. This is for Fannie Maepurchase loans, and the buyers can put as lowas 3% down. I know this is a good program forsome first time buyers, but it might not begood for me.
One of my good loan broker friends calledme yesterday and told me that there are twolenders with very good rates. One of them haseven better rates than Provident Funding. And morestrict than provident funding. And I am still notinterested in that lender. Most of my clients are very busy. A lot of them alraedy do notlike PF. I don't want to have those lendersand my clients will go away.
Some realtors complained about the buyersabout the rebates the buyers requested.Some buyers will ask it as the first questionwhen they met the agents. There are moreimportant issues than rebates when purchasea house. And a good realtor is worth the dimethey make. It's the same for the loan agent.
It's the time for a newletter. Especially therate trend. Yes, I will have one out this weekend.