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Replies (1)
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
Clay, it's all about ego and rehearsed scripts from flash cards! All those wonderful initials are the product of Steve Marshall and not cheap!
I attended the Stategic Equity Summit in 6/2007 at the Venetian Hotel in LV. All the big hitters were there to spread the word: "The Screts to Double Your Income and Your Time Off." Barry Habib; Steve Marshall; Todd Duncan; Sue Woodard; Jim McMahan; Doug Andrew; Ron Quintero; Dave Savage; John Bell; Daniel Harkavy; Jim McQuaig; Tom Bass. Not only did we learn a great deal from listening to great presentations,but also by purchasing items they offered. We also paid a good price to be there. Over 3000 brokers from all over the nation where in attendance.
Clay, what that was all about is from the materials available, from a fantastic assortment of personalities, any man, women or child could pleasure-ize, write a book, and come off looking as a Pro!
The funny thing is most everything discussed was the intrinsic power of the option arm when applied with the proper tools available, at a price. The Master IMHO on that subject is Jim McMahan!
About the $15K O/F on a $1.5M loan, that's a little high. I imagine with that mind-set on a $4.5M loan his O/F is $45K. I cap my super jumbo at $12K.
I didn't look at the quote. Just the profile. Of couse you must understand this gentleman is going to teach this person with a $1.5M loan at 60% or less LT, a thing or two about the importance of money, right? : > )
Clay, It was an API quote, I bet? If not, he sure shot himself in the foot! How can anyone justify the closing costs $1.5M with only a 0.125% betterment in rate?
With that, I bid you goodnight! ... Sleep well my friend!
PS: "Mortgage Coach" is still alive&well.
I attended the Stategic Equity Summit in 6/2007 at the Venetian Hotel in LV. All the big hitters were there to spread the word: "The Screts to Double Your Income and Your Time Off." Barry Habib; Steve Marshall; Todd Duncan; Sue Woodard; Jim McMahan; Doug Andrew; Ron Quintero; Dave Savage; John Bell; Daniel Harkavy; Jim McQuaig; Tom Bass. Not only did we learn a great deal from listening to great presentations,but also by purchasing items they offered. We also paid a good price to be there. Over 3000 brokers from all over the nation where in attendance.
Clay, what that was all about is from the materials available, from a fantastic assortment of personalities, any man, women or child could pleasure-ize, write a book, and come off looking as a Pro!
The funny thing is most everything discussed was the intrinsic power of the option arm when applied with the proper tools available, at a price. The Master IMHO on that subject is Jim McMahan!
About the $15K O/F on a $1.5M loan, that's a little high. I imagine with that mind-set on a $4.5M loan his O/F is $45K. I cap my super jumbo at $12K.
I didn't look at the quote. Just the profile. Of couse you must understand this gentleman is going to teach this person with a $1.5M loan at 60% or less LT, a thing or two about the importance of money, right? : > )
Clay, It was an API quote, I bet? If not, he sure shot himself in the foot! How can anyone justify the closing costs $1.5M with only a 0.125% betterment in rate?
With that, I bid you goodnight! ... Sleep well my friend!
PS: "Mortgage Coach" is still alive&well.
In The Best Interest of The Client
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- 5.0/5.0
- (1 review)
Contributions:7836And oh by the way, when mortgage brokers go under a national license, perhpas you folks who have not taken the time to put in some personal development will have more work to do than those who have done so, to qualify for the licesne. But, you probably alwasy fall back on give the client what they want and close the loan. Not perhaps what might be in the best interest of the Client, So yes I stand behind the CMPS, CLA, CRMA, and soon to have CRMS.
After looking at the profile and seeing he has a book, Borrow Smart, Retire Rich, I was impressed so I looked at some of his quotes and found this:
http://www.zillow.com/mortgage/LenderQuoteDetail.htm?qid=X1-ZQz2iyg0jzf7yd_jnyf&qlr=false
I was shocked to see a $15,000 Origination Fee on an Arm quote that is only 1/8 of a point lower than the clients existing 30 Yr Fixed mortgage. There is a lot of talk about the clients best interest but the only interest being served on this quote is the specialist interest. I guess my question is with all of those credentials, how does a quote like this match up to the rhetoric?
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