February 17, 2009
Well Carrie, it’s GREAT to see you are asking the right questions. Many consumers have been asking this for years. The banks system “seems” to be…. We’ll quote you a high rate, and (hopefully you sign it) if you shop around and get a better deal…well, ok, then maybe we’ll match it….hmmmm, what’s your time worth?????
Can I ask you this Carrie… whose interest are you looking out for ?. because it seems this bank is NOT looking out for YOUR interests, now knowing that, use it as leverage, say “thank you very much” and be on your way to educating yourself.
If you get the right Broker working on your side ( should be NO cost and NO obligation), they will “teach” you what ALL the banks have to offer, kind of like Consumer Reports when buying a car. Consumer Reports will give you UNBIAST info as far as what cart has the best gas mileage, what car has the best safety rating…etc….but at the end of the day, YOU pick what car best fits YOU.
The right broker can teach you what the banks bond rates are that help set these rates, and teach you what the entire mortgage market has to offer, not just one banks offerings. I hope this helps you out and feel free to contact me anytime .
Michael Mullis AMP