[JumpCrisscross]

> Or you're buying well below your means but don't wanna get screwed into a different product

This customer is looking for a lender who can and will eat costs for the relationship. That’s probably a mortgage specialist with a wealth management arm. The ones who require 25 to 35% down, but undercut the rates e.g. a credit union can charge.

> because what you're buying is on the ragged edge of what can be bought with the lower cost mortgage product you want

If you’re buying within your means, you shouldn’t be on the ragged edge of anything. You should be getting a cheap, plain mortgage from a lender competing for your business. Ideally conforming, and where the originator eats origination and closing costs.

[potato3732842]

>This customer is looking for a lender who can and will eat costs for the relationship. That’s probably a mortgage specialist with a wealth management arm. The ones who require 25 to 35% down, but undercut the rates e.g. a credit union can charge.

>If you’re buying within your means, you shouldn’t be on the ragged edge of anything. You should be getting a cheap, plain mortgage from a lender competing for your business. Ideally conforming, and where the originator eats origination and closing costs.

I can't put my finger quite on why, but your comment has a really not nice tone to it.

This customer is an otherwise normal-ish buyer who wants a fix and flip (like real fix, more than just cosmetic or "updating" or something like that) and they outnumber people who have any relevance to a "mortgage specialist with a wealth management arm" 100 if not 1000 to 1.

[JumpCrisscross]

> This customer is an otherwise normal-ish buyer who wants a fix and flip

Are you referring to chrisBob? They aren’t the ones who made the “ragged edge” comment.

If you’re on the ragged edge of any financial product, you’re stretching something. If a customer is buying well within their means, they shouldn’t be pursuing—nor getting sold—a ragged edge product.

If, on the other hand, you’re doing a new build that isn’t optimized for resale, yeah, you may very well need to be on the ragged edge of a financial product. But I’d still evaluate that with scepticism if you aren’t financially stretching.

> they outnumber people who have any relevance to a "mortgage specialist with a wealth management arm"

Most home buyers don’t buy below their means. (They buy at or a bit above.)

Most home buyers should not be buying niche financial products, or optimising to be within tolerances of specific financial products.