A Not So Important Blog About Nothing

When you go shopping for a loan, specifically a mortgage, re-finance, or a debt consolidation loan, you need to ask the following questions.  If the company wont provide them, leave.  There are companies out there that will do this, many wont.  With out further ado, here it is.

This list is meant to be spoken from a page, not from memory.

Mr. Banker, I’m shopping for a (loan type here) and would like to know if you want to compete for my business.

I understand there are different guidelines for consolidating and know there is more to a loan than rate.

1. What I would like to do is apply for a loan,
2. have you process my application,
3. appraise my home to insure proper value,
4. prepare the title work to be sure everything is in order,
5. have you make me a firm offer on a loan,
6. have you help me establish a Debt Freedom Date that accelerates ALL of my debt, even what is not in this loan, in the shortest time possible,
7. with about the same money I spend now,
8. explain how your bill-paying and elimination service works, and
9. explain what investment options you offer, once my debt is eliminated.

And, Mr. Banker, I’m NOT willing to put up ANY MONEY IN ADVANCE. I don’t want to pay for an appraisal in advance.

And, if I receive a better offer, or do not feel you offer is feasable, I can walk away and owe you NOTHING.

Will you do that for me?

If you banker wont do any of that to earn your business, they don’t deserve.  Take it to someone who will.