Roger Harrington
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Mortgage Companies in Minneapolis |
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MINNESOTA ONLY - INFORMATIONAL ONLY - NOT AN OFFER TO LOCK OR EXTEND CREDIT - FHA, VA & CONVENTIONAL OPTIONS AVAILABLE!
My Thirty Year Fixed
Conventional Benchmark
Close Of Business (COB) - July 29, 2010
4.250%
A BEST QUALIFIED borrower would have paid less than 1% in Origination minus Lender Credit, plus the usual Closing Costs, for the above rate with a 45 day lock and escrows at this day's Close Of Business.
Are You A BEST QUALIFIED Borrower?
Call Roger: 651-426-7374
Cost Changes - COB 7/28 to 7/29
Closing Costs, (Title, Govt., Prepaid & Most Lender), remain the same for a set loan type, interest rate & amount. Only the investor generated charges for that specific rate change daily. The following numbers show the cost change from my last COB Rate to current times at the same rate. THE FOLLOWING DAILY CHANGES WILL BE DIFFERENT FOR OTHER INTEREST RATES AND SITUATIONS.
If "Better" the Closing Cost has decreased
If "Worse" the Closing Cost has increased
Get Your Financing Questions Answered Now:
Call: 651-426-7374 Fax: 651-846-4295
or Email: rogerharrington@comcast.net
You May Recognize My Name
I was: a regular contributor to Star Tribune' and Pioneer Press' home financing articles; quoted in the Wall Street Journal, Business Week and the Minnesota Attorney General's Refinancing Handbook; and a regular guest on Bob Potter's Sound Money on Minnesota Public Radio. I was the Nation's first fee-only mortgage consultant - an absolutely unique vocation that made me very popular with the media throughout the late 80's, 90's and early 2000's.
During the refinancing booms of this period my phone never stopped ringing - allowing me to help thousands of Minnesotans secure their most appropriate lowest cost home financing. But during more normal times things were slow.
After twenty years of boom and bust I gave up on my dream in 2004 and became a traditional loan officer. Giving up was difficult - but it's worked out well for me and extremely well for the customers who benefit from my consulting experience and consumer friendly fees and outlook.
Can You Imagine How Many Financing Tragedies Could Have Been Avoided With A Knowledgeable, Empathetic Salesperson's Help?
That Salesperson Would Have:
- Never sold "Negative Amortizing" (equity eating), loans
- Never used "No Qualifying" loans for the marginally qualified
- Cautioned against low rate refinancing with lengthy cost recoveries
- Discouraged "ARM" & "Interest Only" loans by making their downsides clear
- Cautioned against purchases dependent on the new home's rapid appreciation
