A borrower discovers $9,000 of points buried into their loan and another client comes to us with a ridiculously low rate quote for a 75% LTV cash-out investment property loan. What's going on here? These are some classic rate quote tricks in action.
Today we dive into the top 5 Misleading Rate Quote Tricks and break down these all-too-common ploys so you understand how loan officers and big banks use them and how you can avoid falling victim to them.
This episode also references two of our other very popular blogs:
12 Factors That Impact Your Mortgage Rate
Five Misleading Closing Cost Tricks the Big Banks Play
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To learn more about the topics discussed in this blog or get more info about JVM's mortgage services, contact our team by phone at (855) 855-4491 or email us at jvmteam@jvmlending.com
