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Comparing Loan Rates
Posted by  SamIam_CA of CA on 5/11/05 12:40pm Msg #37127
I understand that it would be completely wrong & unethical of us to discuss the rate with the borrower. We should not advise them if their rate is high or low etc. & we certainly should not let them know where they could have received a better rate.

That said...Is it also unethical for us to compare rates? If I were to ask, "Named Lender just did a loan for X% - did anyone close with a lower rate in the last week?" would that be wrong? I'm shopping for my own re-fi.
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Messages in this Thread
 Comparing Loan Rates -  SamIam_CA on 5/11/05 12:40pm
 Re: Comparing Loan Rates - rlogan-ca on 5/11/05 12:48pm
 Re: Comparing Loan Rates - Kiso on 5/11/05 12:56pm
 Re: Comparing Loan Rates with other notaries -  SamIam_CA on 5/11/05 1:04pm
 Re: Comparing Loan Rates with other notaries - MaggieMae_CA on 5/11/05 1:13pm
 Re: Comparing Loan Rates with other notaries - jenlyn on 5/11/05 1:37pm
 Jenlyn is right - Melody on 5/11/05 4:45pm
 THANX Melody!! n/m - Sam I am on 5/11/05 7:17pm
 Re: Comparing Loan Rates - Mike/NJ on 5/11/05 1:22pm
 LENDING TREE - Don't go there! - Joan-OH on 5/11/05 2:14pm
 Re: dings on credit - Art_MD on 5/11/05 2:16pm
 Re: dings on credit - Joan-OH on 5/11/05 2:50pm
 Sam - start with the larger financial institutions - Victoria/FL on 5/11/05 5:49pm
 I would go with a broker - Melody on 5/11/05 6:42pm
 Re: I would go with a broker - Sam I am on 5/11/05 7:51pm
 Re: I would go with a broker - Victoria/FL on 5/11/05 8:29pm
 Re: Sam - start with the larger financial institutions - Sam I am on 5/11/05 7:21pm
 Re: Sam - start with the larger financial institutions - Victoria/FL on 5/11/05 8:31pm
 thanks for asking that, it's something I've been wondering - christi/socal on 5/12/05 2:00am
 Re: thanks for asking that, it's something I've been wondering - Eatha/PA on 5/12/05 9:11am



 
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