Archive for the ‘Education’ Category

Consider this…

Expert firefighter Red Adair once said, “If you think the cost of professional is expensive, wait until you hire an amateur.” This adage has been used in many examples. However, in the mortgage industry this message is exceptionally true.

When shopping for a mortgage, there is far more to consider than interest rate. Like the price of a stock, mortgage rates can change from minute to minute. A rate quote provided at 10:00a.m. can be null and void by 10:15 a.m. This can make one lender appear to offer higher rates when in fact the difference is only a change in the market.

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Blood Drive

Wednesday, March 31st

from 8am to 11:45am

6616 South 900 East, SLC, UT

Come Save A Life!

For more information call 801-501-7950 or email Tobi at tobi@citycreekmortgage.com

I realize that the mortgage industry has created an environment where people feel they need to “shop” for the “best rate.” First of all, I want you to know that I guarantee that my team and I structure loans that will provide the lowest cost over the anticipated life of the loan. This means the rate I suggest may be lower or higher than the “quoted” rates around town. However, if it is higher, I guarantee that my recommended fees are lower to compensate for the higher rate. Realize that there is an inverse relationship between rates and fees, and I typically suggest a loan structure that is not typical for the industry (the way that “quoted rates” are computed.) Therefore, if you hear of a lower rate, do not conclude it is a better deal. You can rest assured that you are being advised by an accredited mortgage professional who understands your goals and objectives. In short, you are in very capable hands.

In the event that you do decide to “shop around,” I STRONGLY recommend you consider a few things. Take a brief minute and read through the following article. Feel free to pass it along to your friends and family as well. We hope you enjoy! Read the rest of this entry »