Home Mortgage Refinance snail mail Advertisement


I was puzzled to receive this snail mail home mortgage refinance solicitation from Ted Bishop of Roswell NM. After all, A city the size of Houston outcompetes any small town with respect to financing options.

Maybe we got on his mailing list because our daughter resided there for awhile. Anyway the sales manager for Stearns Home Loans would not get my business because it would be a long time before the refinance fees Ted charges would offset the reduction in our monthly mortgage payments!

We financed our home for 3.7%. I doubt Mr Bishop could refinance for any better than 3.5% rate. So that could decrease our monthly payment by around $35. However, the 2% refi fee on $250,000 is $5000.  So we would be helping Ted much more than he would be helping us no matter what his marketing slogan says. Put more simply the break even point would be so far into the future, one would be ill-advised to refinance unless rate difference was closer to 1 per cent.

Stearns home loans Roswell NM


3 comments on “Home Mortgage Refinance snail mail AdvertisementAdd yours →

  1. Ted worked with us on FHA loan to remodel our beat up smelly kitchen. Our credit score was in toilet, but the Stearns loan rep came through. He also helped my grandma with leaky windows that let the cold in. Got us good deal and excellent interest rates on high end double pane windows!

  2. I think him and Jen Wilcox are partners in crime. Sexy Jen is an associate broker with enchanted lands realtors and is trying to sell 3% down payment high risk loans to folks by putting lollipops on your front door to get you to buy newly built residence at 26 Positano Loop. Realtors tend to love you then leave you after they get their 7% cut. Remember 7% of $300,000 is $21,000.

    Realtors engage in unconventional rough sex for that kind of money!!

    1. No wonder that the homeowners at 1312 Alicia Lane have a for sale BY OWNER sign planted in middle of their front yard! Are you sure about that 7% commission the agents charge? I hear the single story homes are selling around $215K. It is full up there now. I remember when there were many vacant lots!

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