With all due respect Porchlight Scott- Just beacuse you can't offer a rate doesn't mean that it does not exist. I put down 7% and the seller contributed 3%. My rate is 5.875 fixed for 30 years.
Your arrogance is appalling. Especially when I would think as a loan professional you would want to use this forum to showcase your knowledge, not your ignorance.
Keep trying to protect your inflated commssion dude. Not all loan brokers are greedy like you. My broker is a family member so yes I got a better deal than most.... but there is a big difference between 5.875% and 6.875%. If you can't handle the truth, go check out bankrate.com. 6.875% would be the HIGHEST rate of anyone on there right now. The only reason I can imagine that you would argue how great a 6.875% rate is to save face in front of the clients you have obviously been charging the same too.
You don't know me, but I don't appreciate being called a liar. What's even more sickening, is how you try to look like a hero by calling me a liar then try to get this guy to send you his docs so you can see if you can beat the rate. Then low and behold, you can like eveyone else can. sickening dude....sickening.
You are exactly why no one trusts real estate agents and mortgage people anymore.