Ok, here's your chance for a little business...Post up your best rate for a 30 yr fixed loan for $240,000 on a $285,000 house. We can do a 80/20 loan...actually it will be less than 20% on the 2nd due to large down-payment, or straight fixed loan...whichever gets my client the best deal. He's already pre-approved through another lending institution, but doesn't like the new rates he's been quoted....he didn't lock when they were lower. We've found a house and now want to shop rates...Post em up boys, or pm me with your best deal and I'll run it by him. Winner owes me a steak dinner and a trip to the purple church
It's better to have it and not need it, than need it and not have it.
Thanks for the responses...as I figured...what has been presented was basically what he was offered at the current place. He just wanted to shop it. He's skeptical of everything and investigates everything. Nothing wrong with that at all, but it has cost him some good rates in the past and if he keeps going they are going to get even higher...it's time to do something. I believe we now have an acceptable deal for him, he's just got to do it. I'll keep each of you in mind if ever needed in the future.
It's better to have it and not need it, than need it and not have it.