Loan Officer Mortgage School: How to Compete Against Builders in the Mortgage Industry

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  • Опубліковано 23 гру 2024

КОМЕНТАРІ • 8

  • @livannunez3
    @livannunez3 11 днів тому +1

    I have had some clients leverage the fact they are buying the home so they want to use their lender and have been able to get the builder to agree to still give them that builder credit.. sometimes it might require a slightly higher down payment sometimes not.. but yes other times they won’t allow it

    • @dustinowen1191
      @dustinowen1191 11 днів тому

      Yep. Pretty much how it has been for 20+ years.

  • @ZiadTheLoanOfficer
    @ZiadTheLoanOfficer 12 днів тому +2

    Only times i beat a builder is when borrower was eligible for a grant. Lower my comps + grant , was able to come close to builder.

    • @dustinowen1191
      @dustinowen1191 11 днів тому

      Sometimes we gotta do what we gotta do. You now have a client for life. Congrats!

  • @luisalejandrorodriguezmonz4701
    @luisalejandrorodriguezmonz4701 12 днів тому +2

    Thanks for doing this DO

    • @dustinowen1191
      @dustinowen1191 11 днів тому +1

      My pleasure. We are going to be moving videos like these over to a new UA-cam Channel in 2025. Stay tuned.

  • @ZiadTheLoanOfficer
    @ZiadTheLoanOfficer 12 днів тому +2

    But the main problem that I face, is when builders advertise interest rate that is about 3 or 3% lower than the market rate.
    This lures first time homebuyers in, and they think that they got a great deal. So these FTHB end up chasing the rate, instead of the home.
    What they don’t realize, is most of these builders over inflate the price of their homes in order to buy down the rate this low.
    I wish we can see some more strict regulations when builders perform bad lending practices by only offering incentives with their in-house mortgage

    • @dustinowen1191
      @dustinowen1191 11 днів тому

      That's not gonna happen. Those are called builder forward commitments. They actually make owning a home more affordable. But, you are correct, the home prices stay at the top of the market. You could always work for a lender who offers forward commitments and use that to land builder accounts?