Tom Gillis's (tommyg) Blog

I have a client who is lloking to buy a home. He went to an open house and found a property he liked. The RE agent told him he could get a 30 year fixed rate  at 5.5% because he is putting 20% down and is a first time homebuyer. Current rates are around 6.125% on a thirty year fixed. Can anyone e...

I have had a few situations where my assistant would order a payoff for a customer only to have their current lender call the customer to get them to refinance with them. They know they are interested in refinancing because a payoff was ordered. Is this  common amongst lenders? It adds more confu...