Comments on: What’s My Rate? http://www.denversrealestatenews.com/whats-my-rate/ Denver Homes For Sale | Denver Real Estate | Denver Schools Info Thu, 20 Oct 2011 03:11:42 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Caine "The Loan God" Crawford http://www.denversrealestatenews.com/whats-my-rate/comment-page-1/#comment-61 Caine "The Loan God" Crawford Sun, 28 Dec 2008 18:18:36 +0000 http://www.denversrealestatenews.com/?p=280#comment-61 Hey Bob, I agree there "once was" a benefit to using a Broker, back when there were many rate options to choose from. However in today's economy and market, the only real choice comes down to who should I trust with my most expensive asset. Over the last 2 years there have been more banks and mortgage companies close their doors than ever before...and now, banks and brokers have literlly the 'same' products and typically the same or similar rates. I'd love to take part in a discussion on banks and brokers, so keep me posted. Hey Bob,
I agree there “once was” a benefit to using a Broker, back when there were many rate options to choose from. However in today’s economy and market, the only real choice comes down to who should I trust with my most expensive asset. Over the last 2 years there have been more banks and mortgage companies close their doors than ever before…and now, banks and brokers have literlly the ‘same’ products and typically the same or similar rates. I’d love to take part in a discussion on banks and brokers, so keep me posted.

]]> By: admin http://www.denversrealestatenews.com/whats-my-rate/comment-page-1/#comment-57 admin Sat, 27 Dec 2008 23:11:40 +0000 http://www.denversrealestatenews.com/?p=280#comment-57 Hi Caine, Thanks for your input. You have a great point that by removing the commission from the equation there is less probability of any ill will. Of course, the benefit of a mortgage broker is that they can "shop" rates among several different lenders and presumably provide their borrowers more rate options-- in some cases by reducing their own commissions from what they expected. A future article will cover the differences between Mortgage Brokers and Mortgage Bankers and maybe I can have you discuss the benfits of your services at length! Hi Caine,

Thanks for your input. You have a great point that by removing the commission from the equation there is less probability of any ill will. Of course, the benefit of a mortgage broker is that they can “shop” rates among several different lenders and presumably provide their borrowers more rate options– in some cases by reducing their own commissions from what they expected. A future article will cover the differences between Mortgage Brokers and Mortgage Bankers and maybe I can have you discuss the benfits of your services at length!

]]> By: Caine "The Loan God" Crawford http://www.denversrealestatenews.com/whats-my-rate/comment-page-1/#comment-56 Caine "The Loan God" Crawford Sat, 27 Dec 2008 20:41:40 +0000 http://www.denversrealestatenews.com/?p=280#comment-56 Hey Real Estate Guy, I like your info! This really shows why you should use a "Banker" rather than a "Broker". As a Private Mortgage Banker, not only can I offer the 'lowest' rate along with the 'lowest' fees, the Bank pays me the same % on ever deal I close. That is a sure fire way to make sure your customers get the best deal around...think of it like some of the car companies that pay their sales people on 'salary'. There is no benefit for me to charge one client a higher or lower rate than another client. There are two goals I hope to accomplish, and that is to make sure your client is 'educated' that client gets the best deal hassle free. So keep up the good work and we'll see you at the closing table! Caine Private Mortgage Banker 303-901-1337 Hey Real Estate Guy, I like your info! This really shows why you should use a “Banker” rather than a “Broker”. As a Private Mortgage Banker, not only can I offer the ‘lowest’ rate along with the ‘lowest’ fees, the Bank pays me the same % on ever deal I close. That is a sure fire way to make sure your customers get the best deal around…think of it like some of the car companies that pay their sales people on ‘salary’. There is no benefit for me to charge one client a higher or lower rate than another client. There are two goals I hope to accomplish, and that is to make sure your client is ‘educated’ that client gets the best deal hassle free.
So keep up the good work and we’ll see you at the closing table!
Caine
Private Mortgage Banker
303-901-1337

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