Mortgage Lender in Syracuse (888) 464-8732

What questions should I ask a mortgage lender in Syracuse ? If you’re dealing with a mortgage broker there’s some questions that you should ask both on your first meeting with the mortgage broker and throughout working with your mortgage broker to make sure that you’re getting the best service possible.

USDALoanInfoNewYork is going to go through 10 different questions that you can ask your mortgage lender in Syracuse. Be aware that your USDA Loan or Mortgage broker  will be getting the loan that you need and the service that you want.

The first question that I think everyone should ask a mortgage broker is a pretty straightforward one.

How Much Will a Mortgage Broker Cost?

Most mortgage lenders in Syracuse actually work for free.

So it doesn’t actually cost you anything in order to do it.

They get money because they are paid by the banks when you successfully get a loan.

So they get a small commission of the loan that you apply for and if you get it.

How To Choose A Mortgage Lender

So most mortgage brokers in Syracuse will work for free and it won’t cost you anything.

However, there are some mortgage brokers out there who do require deposits or who do require you to pay.

So, it’s important to ask, “How much will this cost me?” when assessing which mortgage broker you want to go with.

How much do Mortgage Lenders earn in commission from me and from my loan?

This is less to understand exactly how much they make.

You can see what percentage of commissions they make and things like that by visiting USDALoanInfo.

But it’s more to understand whether or not they’ll be willing to give you this information.

A transparent mortgage broker is someone that’d be willing to give you this information and you know that they have your best interest at heart.

Choosing a Mortgage Lender That's Right for You

If they skirt around this issue and they don’t tell you how much they earn.

Well then that would send out red flags for me because I can’t trust them to put my best interest at heart because there are some circumstances where one loan will earn them more money than a loan that could potentially be better for me but not as good for them.

Mortgage Lenders Near Me

So, I’m just trying to establish whether or not this mortgage broker in Syracuse is someone that I can trust.

And by asking them the big question, the money question,”How much will you earn from me?” That’s a great way to understand whether or not you can trust the mortgage lender.

So ask that question and see how they respond.

Do Mortgage Lenders Invest Themselves?

Now, I don’t think a mortgage broker has to be a property investor in order for them to be able to get you a good loan and for them to help you successfully invest in property.

Subprime Mortgage

However, if they are interested in property in Syracuse, if they do invest themselves, then that is going to go a long way to help you because they understand what it’s like to be in your shoes.

They understand what you’re trying to get out of this and they’ve done it themselves so they can help you miss some of the pitfalls and things like that.

Home Equity Line

If they don’t invest themselves, then I would want to ask them, “Have you worked with many people that invest in property?” Because as mortgage brokers, some of them just work with people who are buying their own home.

First Time Home Buyer BEST MORTGAGE DEALS When Buying a House | First Time Home Buyer Loan Programs

Some of the mortgage lender folk who work with people who are doing particular investment strategies.

So, some might work with people who invest in positive cash flow property or who invest in rural areas, who invest using developments.

If you are in the market for a home mortgage, there are plenty of places to find one. You simply need to look on the Internet, turn on your TV, or open up a newspaper to see all kinds of Los Angeles mortgage lenders offering their services. You may even receive a cold call from a bank inquiring about your mortgage needs. There are, however, huge disparities between a decent LA mortgage lender and a great mortgage lender. Let's take a look at a few differentiators that set top lenders apart from the rest.Are They Being Referred?One of the best and easiest ways to find a trustworthy and reliable Los Angeles mortgage lender is to ask your friends, family, neighbors, or co-workers which lender they've had a positive experience with. Another good person to ask is a real estate agent, as he or she works in the field and therefore has a good idea of who's good and who's not.Look At More Than Just RatesDo not simply choose the Los Angeles mortgage lender offering the lowest interest rate. You also need to find an LA mortgage lender with excellent customer service, otherwise your loan may go unapproved, or you may pay unnecessary fees. Help yourself make the home-buying experience as seamless as possible by researching and selecting an LA mortgage lender offering both quality service and low, low rates.Experienced LA Lender, Experienced LA Loan OriginatorA lender is the bank, credit union, or mortgage company through which you receive your Los Angeles mortgage. A loan originator is the person at the institution who works with you to draw up your mortgage. It is imperative that you not only select a reputable, financially-sound lender, but also an experienced, trustworthy LA loan originator.Be sure that your loan originator has at least five years experience in the field, fully understands the market, and offers good customer service. Be aware that you may select the best Los Angeles mortgage lender in town, but if your LA loan originator is new on the job, or a disgruntled employee, you may not receive the loan rates and terms you want.Do They Listen to Your Needs?Top Los Angeles loan originators know their stuff, but they also take the time to listen to your needs, goals, and limitations. They will offer sound advice on the different Los Angeles mortgage programs to choose from, offer good-faith estimates on closing costs and interest rates (and then lock them in), and provide comprehensive answers to any mortgage questions you may have. Choosing the right option from all the available Los Angeles mortgage programs may seem like a stressful, daunting task, but if you have a patient, trustworthy, and competitive LA lender and loan originator, you'll walk away satisfied.

So I would want to find a mortgage broker who either had that experience themselves or who had clients that they had got similar deals for ’cause that way I know that they can negotiate on my behalf and they can get this deal across the line.

What details do Lenders need from me?

It’s one thing to call up a mortgage broker and just to get an estimate of your borrowing capacity but if you’re going through pre-approval and stuff like that, then you’re going to need to provide the mortgage broker with more in-depth details.

15 Year Mortgage

You might need pay slips; you might need proof of identity, all of that sort of stuff.

If you ask them up front, “What details do you need from me?” And when you go to your meeting with them you actually provide them with those details, well that just makes things so much easier.

How To Choose A Mortgage Lender

Remember, a mortgage lender is only paid once the deal goes through and once you actually get financing.

So the easier you make it for them, the more likely you are going to get better service.

What can I do as a client to make this go as smoothly as possible?

You have the goal of getting financed for your property, the mortgage lender has a goal of you getting financed for your property and no one wants it to be difficult.

And so, if you can ask the mortgage broker, “Look, how can I work with you? How can I make things easy for you?” They’re the experts; they know what they’re doing.

They can tell you exactly what they need and then you can work hard to provide that for them so that they can get everything across the line as quickly as possible.

Mortgage Loan Interest Rates

You know, I have customers,I deal with customers and even though I’m not a mortgage broker myself, I know that when there’s difficult customers that you don’t want to deal with, it just makes life so much harder and you don’t want to work hard for those people.

And when there’s customers who are really nice to you and who try really hard to help you provide them with the service you provide, you will bend over backwards to do anything you can for those customers to get them across the line, to help them as much as possible.

Loan Lenders

So, be one of those customers that the mortgage broker wants to bend over backwards to help you because you have their interest at heart as well.

You want to see them get paid.

You want to see them do an easy mortgage so they get paid easily.

And so you can develop a relationship into the future.

Which lenders can I borrow the most from?

Most people go into a mortgage broker looking for the cheapest interest rate possible.

What is the cheapest interest rate I can get? And the fact of the matter is a mortgage broker is likely to show you the banks that will lend you the amount of money you need and will also have the cheapest interest rate as well.

However, they might not showy ou banks that will lend you more money than you potentially need at the moment.

Now, it’s important to ask, “Which lenders can I borrow the most from?” because this will help you to project into the future.

Maybe you don’t need to know that for this loan right now but maybe, in the future, you might need to borrow money again and you know, or roughly my borrowing capacity is this.

Or if you find out which lenders you can borrow more from, and you find that you can actually borrow an extra $300,000, well you might split up your deposit and invest in two investment properties instead of just one.

And so asking them, “Which lenders can I borrow the most from?” is a great question to ask to really understand your position.

Because, yes, interest rate is important but how much you can borrow is also important as well.

Can I see a full list of my borrowing options?

Most mortgage brokers will provide you with, usually, like a top three or sometimes only a top one.

And I always like to think, “Can I see a full list of my borrowing options?”Again, this is less to say you want to go through all of this in minute detail and see.

You’re probably going to still choose from one of the top three ones.

But you just want to see that they’re giving you the full amount of information.

And most mortgage brokers are good people but there are some dodgy mortgage brokers out there who are just trying to get the deal that gives them the biggest commission.

Arm Mortgage

And so by asking to see a full list of what your borrowing options, you can then look at that and you can then assess, “Okay, well which loan do I think is going to be best for me?” rather than just taking the recommendation of the mortgage broker who may or may not be thinking about themselves.

Loan Lenders

So, again, most mortgage brokers are great people out there to help you but it’s always a good idea to get a full list of your borrowing options that are available.

Will this put a mark against my credit file?

And so this is when you’re trying to work out how much you’re going to borrow and stuff like that.

When you go into a bank and you try and find out how much you can borrow, often, the bank will do a credit check and this puts a mark against your credit file.

And what happens is if you have a lot of these marks against your credit file, even though it’s nothing bad, this can actually stop you getting a loan.

Home Lenders

So, talk to your mortgage broker and when you’re looking at, “What can I borrow?”or your looking at getting pre-approval, just understand, “Will this put a mark against my credit file?” ‘Cause it’s not bad to have a couple or whatever.

But if you’re getting lots and lots of marks against your credit file, then that could be an issue.

So just make sure and you know when a mark’s being put against your credit file and when a mark isn’t being put against your credit file.

How soon can I revalue or borrow again?

So if you’re investing in a property to renovate it or to develop it or even if you’re investing in a property that’s potentially under market value, you want to know how quickly can you revalue that property so you can get equity and then hopefully draw equity out of the property to go ahead and invest again.

There are a lot of lenders out there who don’t allow you to revalue within a 12-month period.

So, speak to your mortgage broker about the lenders that will allow you to revalue faster.

And basically, this will give you an idea of how quickly you can revalue to consider going again.

Zero Down Mortgage

You’re also going to want to ask them, “After I invest in this property, how soon can I borrow again or what do I need to do to put myself in a position to be able to borrow again and to purchase the next property?”

Because hopefully, your goal isn’t just to purchase one property but to grow your property portfolio and to achieve that financial freedom and that financial security that you’re striving for.

Will My Loans be ‘cross-collateralised’?

Now, I have heard a lot of stories about investors whose loans have been cross-collateralised and it’s cause major problems when they’ve gone and sold their property because the bank shave been able to take that money and pay off debt.

Loan Lenders

And basically, you want to avoid this at all costs from what I hear.

And so, it’s good to ask your mortgage broker, “Will my loans be cross-collateralised in any way?” Generally going with the same lender for two loans does it by default, even though it doesn’t say they’re cross-collateralised.

So, it’s just something that you want to look at the fine print, you want to understand, “Are these cross-collateralised?” And if they are, try and avoid it, try and get loans that aren’t going to be cross-collateralised.

Mortgage Approval

So there you have some questions to ask your mortgage broker next time you go and see a broker to find out how much you can borrow or get pre-approval or get financed for another property.

If you are in the market, looking at properties and you want to see some high rental yield properties, then I’ve got 10 property listings that I’ve gone out and found for you guys.

You can see what high rental yield properties look like that are likely to generate a positive cash flow.

Did You Know – You Can Get Pre-Approved for a USDA Loan in Syracuse?

Current Home Mortgage Rates

What is the best loan program for a first-timehomebuyer? How's it going everyone, Matt Leighton welcomeback to another video.

In this video we're going to go over the bestloan program for a first-time homebuyer.

I'm here with Sean Glennon.

Sean, take it away, what's the best programfor a first-time homebuyer? Well, beauty is in the eye of the beholder.

So it depends.

Now there's a lot of first-time homebuyerpopular loan programs and it really depends on what you're capabilities are in terms ofdownpayment, whether or not you have gift funds to use toward the downpayment or closingcosts, what your income limit is, that's a big one.

How many people are going to be on the loan,because a lot of these first-time homebuyer loans, what the big difference is betweenthem and other typical loan products is that there are restrictions.

They don't want to be given 100% financingproducts to people who aren't making a ton of money and things like that so income limits,sales price limits, credit score limits, all that is going to be apart of these programsbut we can dive into some of the more specific.

Let me ask you this, if you are a Veteran,and also a first-time homebuyer, is it a no-brainer that the VA loan program is the best program? Yes.

Absolutely.

Alright so obviously if you're a Veteran,first of all THANK YOU, and then go with the VA loan program, there is no competition.

So with that being said, let's just focuson conventional and FHA because with FHA 3.

5% down, compared to Conventional, you can goas low as 5%? Or can you go lower than that? There's actually a new loan program you cango lower.

When we talk loan programs, the first thingyou're going to want to do is get pre-approved to determine what you're qualifications areand what doors are opening or closing to you depending on whether you fit the bill forcertain programs.

100% financing, VA, USDA, and USDA is a ruralhousing loan so if you're looking in and around cities, it really won't be applicable to you.

And VA only if you're a Veteran; are goingto be your best 100% financing products.

Now there are certain loan programs in eachstate that usually have first-time homebuyer 100% financing needs.

In Virginia, VHDA is the one that comes tomind as the most popular.

But most people are going to fall into theumbrella as FHA or conventional loans.

FHA is going to be 3.

5% down and is very friendlyon underwriting guidelines.

Conventional is a little bit more strict,but recently they actually came out with a program that is trying to compete with FHA.

It's called Fannie Mae's Home Ready Programthat allows for a 3% downpayment instead of the typical 5% downpayment.

Yeah a lot of times you're seeing people diveto what's the lowest downpayment I can have? That has to be the best loan, maybe that'sright, maybe not because with FHA you do have the monthly insurance on the loan there'sanother program with the conventional.

And let me ask you this, are people re-financingout of these loans? For instance, I had a client a couple weeksago they went in with a VHDA loan which is Virginia-specific, so if you're not in Virginia,you may not be aware, but they went in with that and I don't know a week later or whateverthe minimum time is that you can re-finance, they said oh yeah, that's what we're goingto do.

Are you seeing this? Or is this kind of a unique situation? No, I've seen a lot of it.

What a typical game plan is for a lot of peopleis, a disclaimer that you can't always bank on re-financing because you never know whererates are headed.

But as long as rates stay solid or at leastin the range that we've seen them right now, or around where you originally purchased yourhome, it's very common for people to bite the bullet and get the VHDA or FHA loan whichcarries with it a little more in fees and mortgag insurance and things like that.

But it allows them to get in the propertywith very little out-of-pocket and then once they get a little equity in the property orsave up a little money, they try to re-finance into a conventional loan to eliminate someof that burden with the mortgage insurance and things like that.

Get themselves a much more healthy and manageablemonthly payment.

Yeah the VHDA loan program is becoming morepopular here in Virginia but sometimes with these loan programs it's really hard to getinto, you have to be making $82k - $85k, be born in a certain ZIP code, and be left handedand live on Main Street or something like that where it's like it shouldn't have tobe that hard.

Quickly go over maybe a broad overview ofwhat it takes to be eligible for a certain grant program like the VHDA.

Well some of these grant programs, most ofthem are all going to have income limits.

So that's the big one.

If you're making $250,000, there's a goodchance you're not going to qualify for the local first-time homebuyer and grant programs.

Income limits, sales price limits, heightenedcredit score minimums.

When they're giving out 100% financing, that'sa high-risk loan so they want to give it to borrowers that are well qualified.

There are a lot of niche things that go alongwith it and the grant program.

VHDA is a little more broad, but county and local grant programseven more, very niche, sometimes you're in a lottery with others.

It's a nice thing to have in your back pocketbut nothing I would recommend anyone bank on.

Good to know.

So we're going to wrap this video up withone final question.

But you know obviously this is more Virginia-centered,there's VHDA loan program, in your own state, there might be other grants available.

So maybe FHA is right for you or maybe talkto your lender and find out the grants available.

Sean my question is, if you were to imagineyour last 100 first-time homebuyers, out of those 100, what's the most popular loan programthat you're seeing for first-time homebuyers? I would say if you had asked me for any yearin the last 8 or 9 years I've been in the business, the answer would be FHA.

I would say since Fannie Mae last year rolledout there Home Ready Program with 3% down, most homebuyers do qualify for it and fallwithin the income limit.

The area median income limit, you can actuallylook it up on Fannie Mae's website.

As long as you fall under that, you qualifyfor, it does give a little more beneficial terms on the mortgage insurance terms, it'sa half percent lower on downpayment, and there's a little more flexibility with some of thethings that you can do down the line with the loan like remove the mortgage insurance.

I would say FHA, historically, Fannie MaeHome Ready Program recently.

Things are changing.

So FHA for the longest time was the best optionout there, it may still be the best option depending on your circumstance, but you mayknow the best option, but your lender will know the best option.

Be sure you're talking with local lendersout there and know all your options because a lot of things are changing in terms of guidelines,what I'll do is link and list a video up here in the corner that talks about recent changesin the market place that may affect which loan program that you being available to getinto and get a loan.

You got it out.

T-t-t-t-today Junior.

What movie is that from? Billy Madison.

Well on that note Sean, why don't you tellthe people where they can connect with you.

You can email me at sglennon@hstmortgage.

Comor call the office.

Myself or anyone else in The Glennon Groupwill be happy to answer your call and help you with any questions.

703-766-4630.

And my man Matt will hook it up down loan.

Thank you very much for watching.

Until next time, create a productive day.

Take care.

First Time Home Buyer BEST MORTGAGE DEALS When Buying a House | First Time Home Buyer Loan Programs

Refinance House

Hi everyone this is your Tampa Bay RealtorLance Mohr.

In this video I want to talk about how tochoose a mortgage lender and that I'm going more specifically go over mortgage brokersversus banks versus credit unions.

Tell you the difference between those.

Tell you the pros.

Tell you the cons and then we're going togo over a little bit about what questions you need to ask the lender to make sure youget a really good mortgage lender for you.

So let me start off talking about differenttypes of institutions where you could get home loans.

Through a lot of times when people think aboutbuying a home they think.

Hey, let me just give my local bank.

Bank of America, Wells Fargo a caller whenthey give my credit union their call or what's the whole thing with mortgage brokers? What's a mortgage broker? How does that work? What's the difference between a mortgage brokerand a bank? The difference between that and a credit union.

So I'm going to go over all this.

Let me first start off with credit unionsand you know I'm just going to give you how I see it because I've been in this industryfor over 20 years prior to being in real estate as an agent.

My prior life was a mortgage banker and that'swhat I did for a number of years.

I'm going to give you things how I see.

I'm not a big fan of the credit union.

I think credit unions are great.

They do car loans that you do checking savingsCDs much like a bank.

They have really really good customer service.

They really care about their members and Ithink that's great.

The problem is I don't really think the trainingthere and I'm a person that really really believes in knowledge.

You know I'm not saying that if you work witha credit union or you know someone works with the credit union in or go through a creditunion.

Not saying this about all credit unions.

I'm using this in a general sense.

They just don't have the best training inthe world.

The other problem with credit unions is thepeople who are doing the loans.

The loan offices the credit union a lot ofthem are strict salary.

If they're not strict salary, their salaryplus bonuses and I'll get to this in a little bit later.

So that's why I'm not really a big fan.

Years ago when I used to be in mortgage banking.

I actually used to go to credit unions.

They were some of my clients to get loansfrom because they didn't have all the knowledge and they were telling people they weren'tqualified because they could not work with them.

Now the good thing about credit unions becausethey are so customer service oriented they would pick up the telephone and say hey Lancewe can't do this loan can you do it? So at least they're going to do that.

Banks? Nope, they're not like that.

This is one of the things with banks.

Banks have a lot of a lot of good advantages.

As a matter of fact, if you're going to beusing bond money.

You're probably going to be using banks.

If you need construction loans you're probablygoing to be using banks but banks like credit unions.

They're a jack of all trades.

They're not a master of one.

They're doing the checking, they're doingsavings, they're doing CDs, they're doing car loans, boat loans you name it.

They're doing anything and everything andwhen you tend to go to the loan officers and a lot of banks not all of them.

So again you know if you work with a bankdon't get mad but I know a lot of people that have worked for banks and what happens isyou they get what's called the foot traffic.

They're not going out there hitting the pavementevery day.

A lot of the loan officers where the banksare just sitting in the bank and just waiting for the business to come to them.

They're not going out.

It's sort of like I always look at our industry.

Are you have the lion and you have the gazelle.

Oh, there are a lot of lions with banks butmost of them are gazelles.

They're sitting back.

Again banks pretty much most of the loan officersare on a salary plus a Bonus.

So you know they're not straight commission.

That's one of the things.

Now when it comes to banks again there aretheir pros.

When it comes to banks you have to understandthat they're only one when lending their money.

This could be a problem if you go in and maybefigure on an FHA loan and maybe that's not really very good in their wheelhouse.

They might tell you well you're not qualifiedfor a loan.

They're not going to say well you could probablyget a loan but you just can't get one through us that's the problem because you're onlyusing their money.

If you're a square peg and they have a roundhole you're going to have a hard time fitting in that and that's the unfortunate thing.

You know there's a lot of fallout.

There’s a lot of people banks tend to wantthe cream of the crop buyers.

If you're walking in with 750 credit scores.

Putting down 20% your salary and employeegreat but what happens if you don't fit into that? You may be working with a bank.

You may not know the thing about banks isthey're generally a little higher on the interest rates than say a mortgage broker but they'rea little bit what lower on closing costs because everybody's in-house and that's the nice thingabout banks is their in-house.

Now I will say this if you are going to usea bank.

If you’re going to use a credit union, ifyou are going to use a mortgage broker get someone local don't go with Wells Fargo andgo to some 800 number or you walk into Bank of America and they say oh let me give youthis 800 number Des Moines Iowa and you're what I am in Tampa or somewhere else.

You want someone local.

Out of sight out of mind.

You want someone if things aren't going yourway you could go in there and pound on their desk and say what the heck's going on.

So just keep that in mind but you know themgenerally everybody's in a localized area.

You'll have your underwriter there.

You have your processor there.

They do have some programs that they havea little bit more flexibility on because they could just decide not to sell that but theymight keep it they might keep it in their portfolio but generally speaking the mainthing I would probably rather choose and I'll get into mortgage brokers in just a littlebit.

Why I tend to like mortgage brokers betterbecause a bank their loan officer is getting paid usually a salary plus a bonus.

That’s the opposite.

So, now let’s talk about mortgage brokers.

Mortgage brokers they're basically prettymuch all of them out there.

It's sink or swim.

They don't get paid unless they find a wayto say yes.

So if you walk in like when I was in mortgagebanking and brokering.

If you walked in and I'm with the broker andyou were on an FHA loan program I'm probably going to have one lender for that.

That it's going to be really really focusedon FHA.

If you're VA you're probably going over tothis later.

If you're on maybe a conventional in a fightfor sit down you're over here.

If it's a 20% down you're over here.

If it's a jumbo it's this linker if you goin and maybe you have low credit scores you're over with this lender right here.

So they don't have just their money.

They have everybody's money now.

I know you go into these brokers and they'relike, we have 50 lenders.

Let’s face it most mortgage brokers willonly use two or three.

They'll probably have five to seven at anyone time but they are very efficient because this is all they do and they don't get paidand unless they find a way to say yes that's why I sort of break it up.

Is there are the lions and there are the gazellesand I would have rather have someone that is on a straight hundred percent commission.

That if they don't find a way to say yes theydon't get paid.

That's a huge motivator.

So there is the thing with a little bit differentlike the banks.

Keep in mind brokers broker out so they'regoing to broker out to a bank.

They could even be broken out to the samebank you're getting the quote from.

It's pretty rare but it could happen but they'regoing to have usually a little bit more costly because they're going to have the underwriterin-house and I mean in-house but they're going to charge for that.

They're going to have the processor that therebeen a charge for that.

So they're going to have a little bit morecost but they get their pricing and wholesale pricing not retail like a bank.

It’s usually going to equal out so there'sand if you're looking at going with bond money you pretty much never going to go with a brokerif you're looking to get in a construction loan.

You're probably not going to go with the brokerbut again it's all about choosing the right broker.

It's all about choosing the right loan officerand you know that's what you need to do.

You need to choose the right person.

So I did a video if you want to know how toget the best interest rate I'll put it up above.

You could look at it but let's go over whatyou really need to do when it comes to choosing a loan officer.

You want to always start off with your realestate agent.

First know maybe you could get a recommendationfrom your real estate agent you could get a recommendation from friends, co-workersbut dig a little deeper.

Don't just get that recommendation.

Ask enough to say why you think this loanofficer is so good.

Why are you referring me to this person? What is it about them that makes them so good? You can also go and take a look at sites likeYelp.

Go to their LinkedIn page check their website.

Read up on them but overall loan officersare horrible at marketing so don't hold that against them.

I know when I was a loan officer I wasn'tthe best marketer in the world.

So you know you definitely want to dig a littledeeper and ask him and then when you're talking to them just like an interview in a real estateagent.

You need to ask them two questions at least.

These two questions why should I work foryou and why should I work for your company? Basically, let them tell you what makes themgood.

Let them tell you why you should be workingwith them.

If they don't have an answer to those questionsyou really have to wonder but you know you definitely talk to your real estate agent.

That's a good source and just make sure theloan officer knows what they're doing.

Yeah I mean feel free to ask them what trainingyou have.

I mean I never got this when I was in a loanoffice.

When I was one officer but I had no problemI don't have it when people ask me.

This is a real estate agent if they're interviewingme or asking about my experience or how long I've been in the business or why they shouldwork with me or what makes my company good.

It's not as important as a realtor but whatthe loan officer it's everything if you go into the better business bureau and they don'thave a good rating.

You really have to wonder if that someonewho you want to work with.

So do these and you're going to be good togo but definitely pick loan officer at the end of the day get someone that you trustto get someone that you know is knowledgeable.

Who's been in the business that you feel hasthe proper training because one thing I discuss in my video? How to get a really good interest rate isit's more about the loan program.

If you're in the wrong loan program the interestrate doesn't matter and if you choose a loan officer that doesn't understand differentloan programs and they put you in the wrong one program.

You could have a great interest rate thatone program but it may not be the greatest interest rate you could get or you need.

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