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Tough Crowd ...
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Tough Crowd ...
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Posted by Kristen_FL on 11/30/05 2:16am
Msg #79158

Tough Crowd ...

is it just me, or have we had a tough crowd the last couple of days?

i've been reading through the posts and everyone seems rather stressed, and not their usual happy selves.

is it end-of-the-month blues? :(

well, cheer up ... the end is near (the month, that is)! Smiley hehehehe.

happy signings, everyone! and happy holidays too!

Kristen :D

Reply by PJM/MI on 11/30/05 7:15am
Msg #79167

Boy, you got that right! And I've had to deal with tough borrowers, too! Had 3 closings yesterday, and all 3 had to call the lo @ the table because loan was written as an ARM and they wanted a 30 yr fixed. So... I was late, late, late for everything. Geez! The one bo was on the phone with the lo for over 45 minutes! I told her hubby, "I've got more closings, and I need to know if you are going to sign or not". They signed. Walked in my door at midnight.
I hope today goes better... but I have my doubts on that one.


Reply by Ilona_OH on 11/30/05 7:33am
Msg #79169

Same thing in Ohio--The lo practically called the bo a liar because she said they didn't talk about an ARM but did talk about 30 fixed.--needless to say they didn't sign--post turkey stress syndrome

Reply by Bonnie_CO on 11/30/05 9:32am
Msg #79186

I've had 7 of the last 10 I've done this month think they were getting a 30 year fixed and it turned out to be a 30 year ARM. Tehy signed, but we'll see if they cancel because they were definately not happy with the ARM being snuck in there. What's going on?

Reply by Bonnie_CO on 11/30/05 9:32am
Msg #79187

I've had 7 of the last 10 I've done this month think they were getting a 30 year fixed and it turned out to be a 30 year ARM. They signed, but we'll see if they cancel because they were definately not happy with the ARM being snuck in there. What's going on?

Reply by Bonnie_CO on 11/30/05 9:33am
Msg #79188

sorry...hit the button twice...n/m

Reply by Art_MD on 11/30/05 9:34am
Msg #79189

Re: Bonnie ...7 out of 10 !!!

Were these the same lenders or what? I haven't run into that problem very often.

Art

Reply by Bonnie_CO on 11/30/05 9:41am
Msg #79191

Re: Bonnie ...7 out of 10 !!!

That's what made it sooooo weird! These were a variety of lenders with different title companies! I ended up with some VERY upset borrowers! When the LO was called in these particular cases, they told the borrower that having the ARM would be more to thier benefit than a 30 year fixed (??). I did'nt see how, but it wasn't my place to state my opinion on the matter!

Reply by srnotary_CA on 11/30/05 9:48am
Msg #79194

Re: Bonnie ...7 out of 10 !!!

I think the that these lenders are trying to get the arms in and done before interest rates go back up. Just my opinion but they stand to make more money off the loan if people get the ARM loans and the interest rates go up.

Reply by srnotary_CA on 11/30/05 9:48am
Msg #79195

Re: Bonnie ...7 out of 10 !!!

I think the that these lenders are trying to get the arms in and done before interest rates go back up. Just my opinion but they stand to make more money off the loan if people get the ARM loans and the interest rates go up.

Reply by srnotary_CA on 11/30/05 9:48am
Msg #79196

Re: Bonnie ...7 out of 10 !!!/ sorry hit button twice n/m


 
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