Comments on: Have you been overcharged for your home loan? http://the.blog.lenderratematch.com/2008/06/10/have-you-been-overcharged-for-your-home-loan/ Mortgage Talk Sun, 05 Feb 2012 07:17:34 +0000 http://wordpress.org/?v=wordpress-mu-1.2.5 By: Dimitrios Gikas http://the.blog.lenderratematch.com/2008/06/10/have-you-been-overcharged-for-your-home-loan/#comment-516 Dimitrios Gikas Thu, 24 Jul 2008 16:30:13 +0000 http://the.blog.lenderratematch.com/2008/06/10/have-you-been-overcharged-for-your-home-loan/#comment-516 Come on, wouldn't it be expected that a neighborhood full of college graduates would most likely have better jobs, more income, better credit....thus pay less for a loan, does this not make sense to you? They are comparing A paper verses Subprime (which I really didn't do much of and they don't exist anymore so it really doesn't matter)....Subprime loans were WAY WAY more work, would you not expect to charge more if more of your time was taken up? This has nothing to do with race at all. It does have something to do with education. Educated people make more money, have better credit AND yes they also shop more. I don't do subprime loans, I do almost all FHA, government insured loans. And the people that have really bad credit, I will work very hard to help them, but they do pay more for their loan to me because they take up a LOT more of my time and my office's resources. This has to make sense, right? Or do people really think loan officers should work for free (I mean you have somewhere on this site that my fees are "junk" fees, I assume when you charge for your services you don't say "here is my junk fee", do you)? Come on, wouldn’t it be expected that a neighborhood full of college graduates would most likely have better jobs, more income, better credit….thus pay less for a loan, does this not make sense to you?

They are comparing A paper verses Subprime (which I really didn’t do much of and they don’t exist anymore so it really doesn’t matter)….Subprime loans were WAY WAY more work, would you not expect to charge more if more of your time was taken up?

This has nothing to do with race at all. It does have something to do with education. Educated people make more money, have better credit AND yes they also shop more.

I don’t do subprime loans, I do almost all FHA, government insured loans. And the people that have really bad credit, I will work very hard to help them, but they do pay more for their loan to me because they take up a LOT more of my time and my office’s resources. This has to make sense, right?

Or do people really think loan officers should work for free (I mean you have somewhere on this site that my fees are “junk” fees, I assume when you charge for your services you don’t say “here is my junk fee”, do you)?

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