Friday, March 17, 2006

Where does the poor borrower get help?

There are thousands of sites for the brokers and they all have their rates posted but there is very little info for the borrower to see "real" current rates. If the borrower has that information he now can have a level playing field to work with. Many brokers do not want the borrower to see what he or she gets back from the Lender. The borrower has the right to know. After all it is HIS money that he is spending. It is true you cannot cover everyones product or every type of loan but for the good credit (620+) standard loan which is the vast majority of product done the borrower can get the best rate he can by getting the knowledge of how the system works. How do you as a borrower feel about that? Do you know as of today the current rate for a 30 Year is 6% with NO points or NO origination Fees. Knowing that this rate is possible gives you the ability to be able to work with a broker and get the best deal possible. It is a fact there are brokers that will work for a fair fee and treat you right. As we have said before this is for a standard conforming loan and may not fit all borrowers. It would be nice to hear from the borrowers on this subject. The borrower deserves to have all the knowledge he can to help him make a wise decision

http://www.Rateinformer.com

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