The Ultimate Consumer Horror Story

Every so often, I get a call out of the blue that starts something like this “Hello, I’m shopping for a mortgage. Just tell me your lowest rate.” I try to do the ethical thing, finding out on what sort of loan and all of the ancillary information that would actually make this useful information. …

The Best Suggestion About Applying For A Mortgage

This is unfortunately, an obsolete article. Nobody can accommodate doing backup loans any longer. Any loan quote is worthless unless locked, and the penalties to mortgage personnel for failing to deliver pretty much every loan you lock have become too large. It’s here for historical purposes. Back when originally written (June 2005), it was a …