5 Questions
What is the main goal of the speaker when refinancing a loan?
To save the borrower money
According to Tim Braheem, why did he NOT do no points, no fees loans for people on purchases?
He did not have control over the non-recurring closing costs for purchases.
Why do many originators make the mistake of having their clients pay fees and points on refinances?
They believe it is the right thing to do
When would it be the right time to pay fees and points on a loan?
When interest rates are at historical lows
What did the speaker do when mortgage backed securities were rallying hard?
He called his clients and told them he had already locked them in at a lower rate
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