First look: Movement Mortgage hires LO rock star from Guaranteed Rate

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Mortgage apps drop 3.5%, refis drop 8% A drop from 4.75% to 3.5% on a 200K mortgage would result in a $143.20 per month savings. That equates to a 14% drop. If there was a 3 year break even that would be worth it by most standards if you plan on keeping the house even for 5 more years. A 3 year break even would allow them to spend $5155.20 on a refinance to get the 3.5% rate.

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Jim Stryker provided some of the rocket fuel behind the Loan Officer recruiting efforts at Guaranteed Rate, where he reportedly help run the retail mortgage giant’s efforts in the West.

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lo-email. te-email 8024 calvin hall road, Indian Land, SC 29707 Movement Mortgage, LLC supports Equal Housing Opportunity. Indian Land, SC 29707 Movement Mortgage, LLC. First look: Movement Mortgage hires LO rock star from Guaranteed Rate April 24, 2019 RSS FEED No comments If you run in retail loan officer circles, you may have heard of Stryker.