Mortgage Blog

I just got an email from a propsct asking whether
he can get better rate:

Currently I am working woth another broker
with 4.875% for no cost purchase for 500k
loan, do you have better rate? I am still shopping
around.

Once in a while, I got this kind of emails. Here is
what I replied to him: I don't do this kind of loans.

I can add something here:
1)I respect other loan agents. They already did a lot
of work.

2)For the current mortgage compensation guideline,
we can not increase the rate to get better pay.
So we will get best rates for all the clients.

3)For the purchase, the best strategy is to get the
loan closed as smoothly as possible.