Virginia Beach Home Loans: April 2008

Is there still a lot of mis-information out there?

 

Or is it just me? Is anyone else aware of the fact that mortgage interest rates increased today with just about every lender out there by about .375% - .5% or is it just me?...

I had a gentleman call in today to inquire about financing a portion of a Co-Op that he is purchasing in New York, NY. He's looking at a 30 year term and is looking for a 5.375% (on a Co-Op... Ha!). I told him no, I cannot get that rate today. He told me that the interest rate is the most important thing and that if I can get him a 5.375% rate today that he will go with me.

 I sent him an email with 3 options attached, a 30 year (not even close to what he wants), a 20 year (Closer), and a 15 year (closest). He emailed me back saying that my rates are not even close to being the lowest... He also asked me to negotiate to get him a lower rate because he thinks that he should be entitled to what someone quoted him 2 weeks ago...

 Sorry, but I am not going to quote rates that don't exist and then deal with the headaches that are sure to follow when the truth comes out.

Christopher Ohlsen

37 Boynton Ave

(845) 243-5293 (Office)

(518) 565-0799 (Cell)

www.plattsburghmortgage.net

chris.ohlsen@guaranteedrate.com

 

 

Comment balloon 5 commentsChristopher Ohlsen • April 21 2008 03:57PM
Is there still a lot of mis-information out there?
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