Comments on: Effective Jan 1, 2010, Federal Rules Require Mortgage Lenders and Brokers to Give Borrowers Better Estimates of Mortgage Closing Costs – Borrowers Should Beware http://newjerseymortgageblog.com/effective-jan-1-2010-federal-rules-require-mortgage-lenders-and-brokers-to-give-borrowers-better-estimates-of-mortgage-closing-costs ... Keeping New Jersey Consumers and Mortgage Borrowers in the Loop ...... Mortgages, Refinancing, Credit & More... Thu, 17 Nov 2011 23:43:35 -0500 hourly 1 http://wordpress.org/?v=3.1.2 By: Jess K http://newjerseymortgageblog.com/effective-jan-1-2010-federal-rules-require-mortgage-lenders-and-brokers-to-give-borrowers-better-estimates-of-mortgage-closing-costs/comment-page-1#comment-229 Jess K Thu, 07 Jan 2010 06:32:47 +0000 http://newjerseymortgageblog.com/?p=1709#comment-229 trying to find a mortgage by searching for the lowest rate is just as foolish as buying anything else solely because u think it's the cheapest. i guess even more foolish to buy a house because of rate. i also know people will lie about the rate. lies all over the Internet about the mortgage rates.. pathetic trying to find a mortgage by searching for the lowest rate is just as foolish as buying anything else solely because u think it’s the cheapest. i guess even more foolish to buy a house because of rate. i also know people will lie about the rate. lies all over the Internet about the mortgage rates.. pathetic

]]> By: Carol http://newjerseymortgageblog.com/effective-jan-1-2010-federal-rules-require-mortgage-lenders-and-brokers-to-give-borrowers-better-estimates-of-mortgage-closing-costs/comment-page-1#comment-228 Carol Tue, 05 Jan 2010 00:58:22 +0000 http://newjerseymortgageblog.com/?p=1709#comment-228 @Ann Griffin - That's a fair question, Ann. I agree getting a mortgage and finding someone to work with might not be easy. The rule I live by when I need a critical service from someone is to first look at their level of knowledge and service. If they pass that test, then I look at price. Whether I'm buying a new deck, a new toilet, or a new mortgage, I am leery of the guy who's price is too low or too different from the rest. My suggestion is to find someone who will consult with you about a mortgage, and not just sell you a mortgage. It will be easy to see the difference. Seek a referral from friends, family or co-workers. Or you can call me the next time you need financing. :-) Had to say that. Happy New Year. Thanks for commenting. @Ann Griffin – That’s a fair question, Ann. I agree getting a mortgage and finding someone to work with might not be easy. The rule I live by when I need a critical service from someone is to first look at their level of knowledge and service. If they pass that test, then I look at price. Whether I’m buying a new deck, a new toilet, or a new mortgage, I am leery of the guy who’s price is too low or too different from the rest.

My suggestion is to find someone who will consult with you about a mortgage, and not just sell you a mortgage. It will be easy to see the difference. Seek a referral from friends, family or co-workers. Or you can call me the next time you need financing. :-) Had to say that.

Happy New Year. Thanks for commenting.

]]> By: Ann Griffin http://newjerseymortgageblog.com/effective-jan-1-2010-federal-rules-require-mortgage-lenders-and-brokers-to-give-borrowers-better-estimates-of-mortgage-closing-costs/comment-page-1#comment-227 Ann Griffin Sun, 03 Jan 2010 22:32:20 +0000 http://newjerseymortgageblog.com/?p=1709#comment-227 I expreinced the lies of a loan officer back in 2004 and again in 2007. I let myself be hookwinked twice. My gut told me the 2nd time the guy was a fast talker, but I still fell for his lies. At the closing, my rate was higher and there was a 2% origination point instead of 1%. You're right about not deciding based on interest rates. But how do we select someone out of the millions of you all? Not trying to be smart. I really want to know. I expreinced the lies of a loan officer back in 2004 and again in 2007. I let myself be hookwinked twice. My gut told me the 2nd time the guy was a fast talker, but I still fell for his lies. At the closing, my rate was higher and there was a 2% origination point instead of 1%. You’re right about not deciding based on interest rates. But how do we select someone out of the millions of you all? Not trying to be smart. I really want to know.

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