Comments on: Banks Are Jerks http://www.ohjoy.org/2007/10/11/banks-are-jerks/ Just another WordPress weblog Mon, 01 Dec 2008 18:21:54 +0000 http://wordpress.org/?v=2.0.12-alpha by: Krista http://www.ohjoy.org/2007/10/11/banks-are-jerks/#comment-39207 Tue, 16 Oct 2007 03:03:42 +0000 http://www.ohjoy.org/2007/10/11/banks-are-jerks/#comment-39207 Good for you! We too negotiated some items but not with the mortgage broker. First time and a pro! Now its time for us to get together and bounce home improvement ideas off each other. Yay! Someone to share these things with! I am in the mood to discuss master baths. Whee! Good for you! We too negotiated some items but not with the mortgage broker. First time and a pro! Now its time for us to get together and bounce home improvement ideas off each other. Yay! Someone to share these things with! I am in the mood to discuss master baths. Whee!

]]> by: joy http://www.ohjoy.org/2007/10/11/banks-are-jerks/#comment-38127 Sat, 13 Oct 2007 23:05:28 +0000 http://www.ohjoy.org/2007/10/11/banks-are-jerks/#comment-38127 Krista--I agree with you about impound accounts. Rip off! Everything they do is a rip off. But yeah, we got about $5000 in closing costs removed and ended up with the kind of interest rate you would get if you paid a point--only we didn't pay a point. How? We had two mortgage brokers and pitted them against each other so they were competing for our business the whole time. It paid off biiiig time and saved us hundreds of thousands. Marcia, thanks. I hadn't paid much attention. Krista–I agree with you about impound accounts. Rip off! Everything they do is a rip off. But yeah, we got about $5000 in closing costs removed and ended up with the kind of interest rate you would get if you paid a point–only we didn’t pay a point. How? We had two mortgage brokers and pitted them against each other so they were competing for our business the whole time. It paid off biiiig time and saved us hundreds of thousands.

Marcia, thanks. I hadn’t paid much attention.

]]> by: marcia http://www.ohjoy.org/2007/10/11/banks-are-jerks/#comment-37989 Sat, 13 Oct 2007 15:44:28 +0000 http://www.ohjoy.org/2007/10/11/banks-are-jerks/#comment-37989 If you want to stick it to someone else who is trying to make money off you, delete the pingbacks on this post from sploggers. I swear, is everyone trying to profit from you buying a house? PS - yay house! painting party? If you want to stick it to someone else who is trying to make money off you, delete the pingbacks on this post from sploggers. I swear, is everyone trying to profit from you buying a house?

PS - yay house! painting party?

]]> by: Krista http://www.ohjoy.org/2007/10/11/banks-are-jerks/#comment-37670 Sat, 13 Oct 2007 00:45:01 +0000 http://www.ohjoy.org/2007/10/11/banks-are-jerks/#comment-37670 How on earth did you get closing costs waived?! Unless you made the seller pay... Wow. Good for you. As for the insurance, alot of banks are forcing mortgage insurance now. And with homeowners insurance, I recommend it but I do not recommend the impound account. Why not make interest off of your own money instead of giving it to them? Go Orange through ING. You can deposit your property tax and insurance in there monthly, pay those annually (at least where I live), and keep the interest. Its a win instead of a win "win". How on earth did you get closing costs waived?! Unless you made the seller pay… Wow. Good for you. As for the insurance, alot of banks are forcing mortgage insurance now. And with homeowners insurance, I recommend it but I do not recommend the impound account. Why not make interest off of your own money instead of giving it to them? Go Orange through ING. You can deposit your property tax and insurance in there monthly, pay those annually (at least where I live), and keep the interest. Its a win instead of a win “win”.

]]> by: Grogged http://www.ohjoy.org/2007/10/11/banks-are-jerks/#comment-37317 Fri, 12 Oct 2007 07:09:13 +0000 http://www.ohjoy.org/2007/10/11/banks-are-jerks/#comment-37317 Remember that these people are nothing more than nitwits who pay good money to receive training written by the likes of me, someone with no experience whatsoever in the field, but rather a man with a gift of fleet fingers and a willingness to pen things uncredited. 98% of the financial world is comprised of gullible saps who bite on the hook of seminar speakers and informercials, and are governed by Pavlovian response at best. e.g. "Here's a dollar!" Drool. Drool. Treat them like nothing more than lame pack mules, assigned solely to shepard your goals along. Any deviation should be met by, at a minimum, a sound beating, and under extreme circumstances roll them off the cliff. There are always others with equal competence. Be the boisterous asshole in the bar because otherwise they will. And if all else fails, take the thousands of dollars that these jerks are trying to fleece you for and invest in a reputable lawyer. You may still spend the money, but there will exist a certain thrill in watching lobby-level loan officers, title officers, appraisers and the like piss on themselves when faced with a genuine legal challenge. And when all is said and done, steal their pens when you sign the documents. It's petty, but it really lets them know where they rank in the grand scheme of things. You never know - you could end up with a free Mont Blanc, or at least a decent Cross. Remember that these people are nothing more than nitwits who pay good money to receive training written by the likes of me, someone with no experience whatsoever in the field, but rather a man with a gift of fleet fingers and a willingness to pen things uncredited. 98% of the financial world is comprised of gullible saps who bite on the hook of seminar speakers and informercials, and are governed by Pavlovian response at best.

e.g. “Here’s a dollar!” Drool. Drool.

Treat them like nothing more than lame pack mules, assigned solely to shepard your goals along. Any deviation should be met by, at a minimum, a sound beating, and under extreme circumstances roll them off the cliff. There are always others with equal competence. Be the boisterous asshole in the bar because otherwise they will.

And if all else fails, take the thousands of dollars that these jerks are trying to fleece you for and invest in a reputable lawyer. You may still spend the money, but there will exist a certain thrill in watching lobby-level loan officers, title officers, appraisers and the like piss on themselves when faced with a genuine legal challenge.

And when all is said and done, steal their pens when you sign the documents. It’s petty, but it really lets them know where they rank in the grand scheme of things. You never know - you could end up with a free Mont Blanc, or at least a decent Cross.

]]> by: Jen http://www.ohjoy.org/2007/10/11/banks-are-jerks/#comment-36971 Thu, 11 Oct 2007 18:45:51 +0000 http://www.ohjoy.org/2007/10/11/banks-are-jerks/#comment-36971 Way to tell them off, Joy. Way to tell them off, Joy.

]]>