Wednesday, March 11, 2009

Good News

According to Bloomberg News you can't get a mortgage at 5.5% even if you have 20% equity and a 720 score and can document income without bonuses. Every loan I have closed in the last 60 days has been at a rate below 5.5% and many people did not have 720 credit scores. We do things differently than national and international banks. First, we know the market, the people and the programs. We study and learn daily. We watch markets by the minute. Today we locked two customers at 4:55 PM when the best pricing of the last few weeks was available. See the difference. Experience Great Lakes Mortgage Corporation and Loan Officer Pete Cannon. Why would you pay more somewhere else?

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