Housing Blues.....Need Advice

**LadyT** · 03-22-2007, 08:26 AM

My mom got into being a loan officer in recent years and naturally she was the first person I went to because I assumed she'd hook me up. Being blood and all.

Here's the problem:

Every other broker and even Wachovia is giving me a rate of 5.88%, no points and fees of around $2300 - $2500 in addition to the other standard closing fees. Her's wants to charge me $6000 in points, at a 6.0% rate, and even the other little charges looked inflated from everyone elses. It just sucks.

**Cancel7** · 03-22-2007, 08:30 AM

If you explain this to her, would she get angry if you choose one of the better offers, or would she understand?

**uscitizen** · 03-22-2007, 08:35 AM

Go for the best deal, but read all the fine print. Like if you sell within a certain period are there any penalties. Lost 10K on that once because I did nt read enough and the loan office lied. I now voice record all transactions of this type.

**toby** · 03-22-2007, 08:44 AM

You want your mother to give you a better deal from the company she works for?

**LadyT** · 03-22-2007, 09:59 AM

I told her last night that we weren't interested in the rates she was quoting us. But she definitely seemed annoyed. And then this morning laid a nice little guilt trip on me by telling me to go with the one I trusted the most.

**uscitizen** · 03-22-2007, 10:01 AM

Mothers are travel agents , always booking guilt trips for us....
Do what is best for you.

**Cancel7** · 03-22-2007, 10:01 AM

Originally Posted by LadyT

I told her last night that we weren't interested in the rates she was quoting us. But she definitely seemed annoyed. And then this morning laid a nice little guilt trip on me by telling me to go with the one I trusted the most.

Ouch. Bad spot.

You're talking about a lot of money though, I think you have to go with what's most affordable while also being safe.

**Cancel7** · 03-22-2007, 10:03 AM

Originally Posted by uscitizen

Mothers are travel agents , always booking guilt trips for us....
Do what is best for you.

It's so true. I don't know how they do it, but no matter how old you get, they can always make you feel like a guilty two year-old. Sometimes all it takes is a glance.

**uscitizen** · 03-22-2007, 10:07 AM

Yes and then there is "the look" from a spouse....shiver and shudder....

**LadyT** · 03-22-2007, 11:06 AM

Originally Posted by Darla

It's so true. I don't know how they do it, but no matter how old you get, they can always make you feel like a guilty two year-old. Sometimes all it takes is a glance.

I think my mom has it down to a science. Seriously. She could seminars. I don't anyone who can make it sting quite as much as her. Unbelievable. I'm definitely going to do what's best for me in the long run. But I hate having her this upset with me. But at the end of the day a loan processors services isn't worth the $4K. I don't even think they are worth $500, but that's just me.

**Cancel7** · 03-22-2007, 11:17 AM

Originally Posted by LadyT

I think my mom has it down to a science. Seriously. She could seminars. I don't anyone who can make it sting quite as much as her. Unbelievable. I'm definitely going to do what's best for me in the long run. But I hate having her this upset with me. But at the end of the day a loan processors services isn't worth the $4K. I don't even think they are worth $500, but that's just me.

No way is it worth 4,000. Good luck. Eventually she will get over it anyway. My mom's gotten over worse!

**LadyT** · 03-22-2007, 11:23 AM

Originally Posted by Darla

No way is it worth 4,000. Good luck. Eventually she will get over it anyway. My mom's gotten over worse!

That's true she will. At least I'm not smoking crack and w horing myself out for $5. Things could be worse. I should make her watch one of those addiction shows and say, "see, this ain't so bad"

**Thorn** · 03-22-2007, 11:31 AM

Originally Posted by Darla

No way is it worth 4,000. Good luck. Eventually she will get over it anyway. My mom's gotten over worse!

Very true. And ultimately she'll also respect you more. Probably. My mom stopped that crap when it started backfiring on her.

***Damocles*** · 03-22-2007, 11:33 AM

Originally Posted by LadyT

My mom got into being a loan officer in recent years and naturally she was the first person I went to because I assumed she'd hook me up. Being blood and all.

Here's the problem:

Every other broker and even Wachovia is giving me a rate of 5.88%, no points and fees of around $2300 - $2500 in addition to the other standard closing fees. Her's wants to charge me $6000 in points, at a 6.0% rate, and even the other little charges looked inflated from everyone elses. It just sucks.

Just be direct and honest. "I have a better deal with other brokers, Mom."

She's family, she'll still love you anyway.

**Cancel 2016.2** · 03-22-2007, 01:59 PM

Turn the guilt around.... "Mom, if you really loved me, you would be offering me a BETTER deal than those OTHER brokers. Why do you want to steal from your own daughter?"