One of the friends of the show, Andrew Syiek, recommended that we check out AJ Bombers. They’re doing some amazing things with using social media to connect with their customers using tools like Twitter.

The AJ Bombers story is a great reminder of how people can truly learn about the people or companies they work with before working with them, not after it’s too late. (Plus, it’s also a great place to grab a burger and watch the bombers fly across the room to deliver peanuts)

You’d be surprised what you can learn about your mortgage company or loan officer from Facebook, Twitter, and Linkedin.  Some good, some not so good.  Either way, at least you know what you’re getting into.  There is much more to a mortgage deal than just the rate and costs.  A bad loan officer will cost you not just money, but time and heartache too.

Find out more about using social media to screen your loan officer in today’s video:

(Watch it on your mobile phone or email reader here)

I think it’s becoming more common to use Social Media to help find a seasoned loan officer or originator. Whether it be a local person or someone over the internet, you should definitely be doing your due diligence online before you make a your decision on who will be handling your transaction. This person is handling one of the most important investments of your life and you want to make sure they have a good track record and will actually communicate with you.

You can find out a lot about a person from their Facebook page, Linkedin profile or tweets on Twitter. You should be using every tool available to make sure you are working with the right person. Social media basically lets you do a background check people you may want to do business with.

How great is that? And its FREE!! So get the best possible deal and make sure the person doing it is legit and someone you will want to work with.

Mortgage Bonds are in the negative territory today and again testing the 200 day moving average. We have seen some resistance here over past few weeks. Its going to take some major news to break through that ceiling of resistance. New homes sales are up 7.3% in April. That’s better than expected.

Mortgage Bonds started lower today but have improved quickly and again up against the though ceiling of resistance. This ceiling continues to stop rates from getting any better.

Today’s rates with no lender fees are 4.5% on a 30 year fixed, 3.75% on a 15 year fixed, and 2.875% on a 5/1 ARM. Click here to get the details and other rates I found today with NO lender fees.

Please don’t forget to share today’s episode and let’s change the way people shop for a mortgage…forever!

See you tomorrow!

– Mike

To ask a question, get advice, or find out what your lender is making off your loan, just post a comment with your question.

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