I talked to him about a home loan once. He was offering ridiculously low interest rates when we first spoke, but when it came down to it his mortgage company's interest rates were WAY higher then my local bank. Plus point penalties, etc. I think he deals mainly with low income people who can't get approved for a loan anywhere else, 'cuz he was trying to convince me to go into a no money down situation with variable interest rates. It's kind of the last ditch effort for a homebuyer with low income or bad credit.
