My 'Absolutely No Bull' Commitment






There is no such thing as a no-closing cost loan or a no-points-no-fees loan,
because people just don't work for free, but hey, if that's what makes your
day, I can give you that. For that matter, any lender can. It's just the way the
costs on the front and on the back of your loan are manipulated.

However, you'll never get the best deal on your loan unless you have an
'Absolutely No Bull' commitment.  No games. No hidden fees. Just fair, honest
rates. It is that it is. The B.S. ends right here.

I can’t think of anything worse than having the sneaky suspicion that I’m being taken
for a ride, and I’m sure the same thing holds true for you.

It is imperative that our client-consultant relationship be based on mutual trust.  When
we work together, you have the peace of mind of knowing that you are not being
slapped with all sorts of hidden fees and charges because all my fees are spelled out
from the get-go.  

The only broker-related fees you will be paying are as follows:  
  • 1% of the total loan amount paid by you upfront to us, the broker, as part of
    your closing costs*
  • 1% yield spread premium (the profit margin on the wholesale rate that we get
    from the lender upon selling the loan to you on the retail level. This isn't an
    amount that you pay upfront. Rather, it increases your rate from the wholesale
    or 'par' pricing to retail pricing. For example, if the rate that you'd get by walking
    into a bank is 5.5%, the wholesale rate we get from the lender could be 5% but
    by selling it to you at the retail rate of 5.5%, we get a 1% yield spread premium)*
  • $695 processing fee ($350 additional if doing concurrent 2nd loan)
  • $300 broker admin fee

All other fees and costs that you incur will be from the credit reporting agency, lender,
appraiser, escrow and title companies and other third parties that will be involved in
your  transaction.

At our initial meeting, I draw up a written commitment that we both sign, so that you
have my Absolutely No Bull commitment on paper, thus protecting you from any
surprises from the get-go.

*Depending on which plan suits you best, broker fees can be paid either entirely by you as part of
your closing costs so you get a lower rate, or partly by the lender and partly by you, or in exchange
for a slightly higher rate, entirely by the  lender through the yield spread premium/rebate.