Criteria NEEDED by all Loan Originators to quote you a rate.

The lending environment has changed. I’m sure we’ve all heard this on the radio and TV for years now… right? We also know that the Government wants to make “mortgage rates” a commodity and make it EASY to shop for. But the problem arises when someone calls up and says “whats your rate?” and truly expects to get an instant answer back. I certainly wish I could answer that question with a simple “we’re at 4.25% today” or “3.5% for a 15 yr”… but its not that simple. In general I (and everyone else you talk to) needs to get …