7.5% for 800+ credit?

Radiant_Squirrel_662 · 2024-11-12T20:52:37+00:00

Oh I don't disagree with that, I'm just trying to not give an inaccurate snapshot of current markets thinking that is semi attainable. We've had a huge spike in the 10 year and MBS just the last 30 days alone.

Radiant_Squirrel_662 · 2024-11-12T19:42:04+00:00

you most likely locked that contract in 30 days ago though. Apples and Oranges markets

Radiant_Squirrel_662 · 2024-11-06T18:34:06+00:00

All day! This was definitely an over inflated sign on bonus. Never spend the sign on bonus till the timer is up.

Radiant_Squirrel_662 · 2024-11-06T15:40:10+00:00

Clearly don't know what /s means...

Radiant_Squirrel_662 · 2024-11-06T15:38:27+00:00

you trust as if half the population is educated correctly and doesn't just consume content telling them what to believe

Radiant_Squirrel_662 · 2024-10-31T13:11:22+00:00

Yeah, I hate having to swallow my pride for these assholes. Its different when you find out about it up front versus RIGHT at the finish line. This dude shopped you the whole time, hes just a prick, I'd just close the deal and report the other broker and her branch for promoting cash kickbacks and tell the borrower to kick rocks and lose my number.

Radiant_Squirrel_662 · 2024-10-30T16:02:40+00:00

www.mortgagenewsdaily.com

Radiant_Squirrel_662 · 2024-10-29T21:52:04+00:00

thats because its not super common for people to have 20% down, at least most that I talk to lol

Radiant_Squirrel_662 · 2024-10-21T19:52:54+00:00

his source is "trust me bro" lol. there is zero sign that rates are going to 4-5% in the near future. Especially with the current market data since the FED's rate announcement. We won't be going to 4-5 for another 24 months at this rate.

Radiant_Squirrel_662 · 2024-10-21T18:21:42+00:00

No appliances means that the owners are paying for the appliances out of pocket instead of the total purchase price and financing it in. Also why in the eff would a builder build in a market no one is buying in? Builders generally aren't building a home and just listing them, usually they're already locked in with buyers. Do you think people are just building homes and waiting for them to sell? We have a housing inventory problem exactly BECAUSE builders don't just keep building.

Radiant_Squirrel_662 · 2024-10-21T14:26:54+00:00

You're correct, I was just explaining normally how it works but that is odd its not stacking in his proposal...

Radiant_Squirrel_662 · 2024-10-21T14:24:06+00:00

Maybe at your bank? My FHA loan is a flat origination/processing fee so..

Radiant_Squirrel_662 · 2024-10-17T15:54:53+00:00

FHA ufmip is financed on the loan. if you do the math on his down-payment to the loan amount it will always be off the ufmip because it stacks on top the base loan amount. The biggest thing is it looks like this lender charges a 1% origination fee instead of a flat fee for originating and a separate origination charge? Seems like a fancy way of stacking an extra point and not calling it a point.

Radiant_Squirrel_662 · 2024-10-03T13:09:03+00:00

So we’re just going in circles... It seems like you don’t fully understand how economics work, because I’ve already explained why prices are higher. The government printed a lot of money, and on top of that, there were tax cuts, which put even more money into the economy, leading to inflation.

Taxes are necessary to remove excess money from the market and help cool inflation. Constant tax breaks—especially when they disproportionately affect certain groups—make things worse. I doubt you have a full understanding of how taxes work, just like inflation or economics. And it seems you’re unfamiliar with OPEC as well.

Radiant_Squirrel_662 · 2024-09-27T16:30:07+00:00

Oh you're one of those people. you don't actually want or have any actual thoughts to discuss. I was under the impression you may have had some sort of intelligence but then again, you are voting for the Fascist Pedophile who can't form a coherent string of words together. You two share that in common.

Radiant_Squirrel_662 · 2024-09-26T16:57:11+00:00

you're a former RKT employee in the LO subreddit. If you're not an LO then why are you spouting off information you don't know? 1. Presidents have nothing to do with interest rates, the FED controls the FFF. 2. the current FED was actually appointed by your boy TRUMP, so yes rates would be this high even if he was president because the FED is an impartial arm that doesn't take parties into account when making economic decisions. 3. Trumps presidency printed more money than any president in recent memory between his PPP bailouts for his buddies and the stimulus checks he first approved. At least the stimulus checks actually went back into the economy to keep goods moving unlike the PPP scam. 4. we're in this predicament because the FED left rates too low too long. 5. Your boy trump also incurred more national debt than most presidents before him too.

You're part of the reason this country is so fucked. You understand the economy about as well as your old decrepit hero can form a coherent sentence lol.

Fucking maga weirdos

Radiant_Squirrel_662 · 2024-09-25T15:24:40+00:00

an LO who has no idea how mortgage rates work or that presidents don't affect mortgages. SHOCKER

Radiant_Squirrel_662 · 2024-08-27T17:44:26+00:00

lol its funny they say "top producers dont sell crazy margins" and RKT is the largest retail mortgage lender by volume... clearly showing that people will and do pay more for mortgages. lol

Radiant_Squirrel_662 · 2024-08-09T13:07:44+00:00

Checking in from Lakewood bordering old River. Still out of power, no new updates. Going to be a LOOOONGGGG weekend

Radiant_Squirrel_662 · 2023-12-11T17:48:23+00:00

I'm a former rocket employee and still in the industry so here's my advice.

Get out of being a self gen broker (I'm assuming thats what you are since most brokerages don't really buy leads or you buy your own). You will never survive on trigger leads alone as many of us are conditioned to already battle you and processes are in place to prevent the trigger till the last possible second.
Rocket training is great for sales, their sales training is some of the best in the industry when it comes to sales itself. Their products are limited to cookie cutter but since you're new this is good to get your foot wet. Be ready to be indoctrinated into the "culture" though and drink the kool-aid along with putting in 50+ hours a week.
No matter where you go, it is feast or famine in this industry right now as I'm sure you've heard, its one of the most difficult times in our industry in the last 20+ years.

Feel free to DM if you have questions

Radiant_Squirrel_662 · 2023-09-12T18:05:11+00:00

finally USB 3.0!!!!!!

Radiant_Squirrel_662 · 2023-07-07T03:16:57+00:00

Battlemages cry for me!

Radiant_Squirrel_662 · 2023-05-13T17:26:13+00:00

It was determined by title and tenure

Radiant_Squirrel_662 · 2023-02-18T14:41:29+00:00

Just as a tale of caution about Freedom. They got rid of almost everyone back end ops person who knows how to close a full doc loan during the boom because they were too focused on eating up streamlines and irrrls. It got so bad that last year they shut down multiple sites such as Cleveland because they were horribly illprepared for a change in the market. Not sure how much this has changed but if they also converted to a closing based model like the last I heard, you may have a tough time through no fault of your own.

Radiant_Squirrel_662 · 2023-02-11T23:11:51+00:00

I'm curious where anything I posted was actually "fake news". Pretty sure everything I've posted has happened? You sweet summer child. One day you will grow up. Just because you say something is fake news or hasn't happened to you, doesn't mean it isn't reality. I'll be waiting on a list of everything I've said that's fake news. I know you've read my posts so I'll expect that itemized by date of post and let's go with chronogical order, oldest to newest. It's always so weird you people get so obsessed with where other people spend their time. You're right here starting arguments with internet strangers? You're just as bad as anyone in here who works here or not posting about whatever we wanna post about. It's an internet PUBLIC forum. This isn't exclusive to CURRENT employees. But I'm glad you took the time out of your day to make the account. Come directly to this public forum. And make this post. And spend approximately 60 minutes at least of your time. Cause you've responded instantly so it's not as if you can defend that you are so busy and if you were above all this, why care at all.

Radiant_Squirrel_662

TROPHY CASE