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What’s more important, the best rate or the best price?!

Most every consumer knows how to shop for a mortgage in one fashion. Call a lender and ask about their rate and points. They then compare that to 1 to 3 other lenders and choose the lender that’s best. While I have many reasons to not choose a lender just on rate, that’s not the purpose of this dialog. So, for the time being, let’s just pretend that every lender is created equal and will close your loan with no issues. So what’s left? The rate right??? Wrong. Allow me to differentiate between the best rate and the best price. One thing that really good lenders do is actively manage the loan of their borrowers with attention to the markets and how the subtle moves will affect interest rates. The problem is that many loan officers couldn’t give you an explanation on what moves interest rates, not to mention the…

Better Home Loans For America’s Military

It’s always a good feeling for realtors and lenders alike to help someone get into their very first home. That feeling only multiplies when half of the people you are assisting selflessly served the country you live in. Military and Veteran Lending expert, Rick Elmendorf, calls in today as he tells Joe all about the niche market of VA loans. Specific topics include: How Rick is able to close an impressive amount of loans without sacrificing customer satisfaction Qualifying for a VA loan What the Bay Area and realtors don’t know about VA financing What you can and can’t do with VA loans