May 13th, 2011 11:49 AM by Eric Fang
It's very interesting to read this blog, is not it?
For the last 6 months, the rates went up and down.And I got a lot of negative feedback when I said thatthe rate will go down. Though it needs a lot of courage and knowledge to do so, and luck is onmy side this time as well.
Some people asked why I am always busy. Because I havethe applications all the time, when the rate is high or when the rate is low. When the rate is high,we prepare the the loan documents or some other plannings as well.
For me, mortgage is my business, and we can do it with a peaceful of mind. The rate can go up or down.With good planning, you will not be panic when the rateis higher. And will not be sad when you see the rate lower again after the lock.
I explained before that it's good to miss the best rate.Say if you get 2.75%, and you miss the rate of 2.5%;that means the rate trend is better and you can get lowerrate in the future.
In another way, if you get the same 2.75%; and you are happy since you got the best rate. And if the rate goes higher, you will have no chance of getting lower rates any more.
Try to think the same rate differently, and youwill always be happy.
Investment(or career) needs planning, so does mortgage. I have a few buyers have more than 10 properties now,and we did it with good planning.
Though I focused my owner clients, I still got referralsfrom all my clients. Thank you all. Because you believe thatI can close those loans, even for very difficult ones.
I will get you more about the rate trends in the next a few weeks. It's still within the ranges. ARM is done.Fixed should go lower.