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hherrm

1407 Posts

Posted - 02/19/2008 :  8:31:16 PM
I can't believe this, doing 2 Wells to Wells FHA streamline refi's. Wells Retail calls both of them, begging to refi through them, offering 5%, no cost and said would give one month without payment.

I have them both at 5.5%. I was happy that both called me and told me. I told them that no way they could do it and ask them to call the local Wells Fargo and check today's rate. They were at 6% today.

When I ordered the payoff, I made sure that they knew it was wells to wells, because I had them deduct the escrow from the payoff.

What gives!!! Is there nothing save anymore from retail?
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BigFire

2962 Posts

Posted - 02/19/2008 :  8:35:13 PM
you should use a lender that supports brokers.
hherrm

1407 Posts

Posted - 02/19/2008 :  8:48:32 PM
Yes, you are right. If I have to fight for the biz I'm doing in house, I just as easily can go somewhere else. I'm learning every day.

And when ordering a payoff I can just say that I'm doing Wells to Wells and get the escrow deducted. Makes no difference at the end.
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