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December 07, 2005
Value Roulette
This is a good post on valuation and mortgages.
Beginning the loan application process without any idea of the actual value range of a property is something similar to launching a space exploration without knowing where you are going. Throughout the last twenty plus years, I have been asked continually to support the same kind of idiotic practice, by loan officers, mortgage brokers and borrowers alike. It is a practice that I candidly term as “Value Roulette.”
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Posted on December 7, 2005 08:41 AM by Mortga104.
Filed in Mortgage Calculator under mortgage brokers.
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