Friday, October 10, 2008

High Volume, Low Price, Hassle-Free Mortgages

Comparatively low pricing on mortgages, should be a benefit for home buyers. Although the offices are in Kellog and Couer d'Alene they are licensed to sell mortgages in Idaho and Washington with other states planned.
Dave Smith now selling mortgages
Big Kellogg car dealership says lending unit’s addition unrelated to auto slowdown
By  Mike McLean
Dave Smith Motors, the high-volume motor-vehicle dealership based in Kellogg, Idaho, has added home mortgages to its product mix.

The dealership has created a new department called Dave Smith Home Loans, which is operating in a 600-square-foot office in the main dealership building in Kellogg and in a second, 1,600-square-foot location above the service center at Dave Smith Frontier Sales, in Coeur d’Alene, says Matt Smith, president of the new operation. Dave Smith Frontier Sales is a used-car outlet.

 Dave Smith Home Loans applies the high-volume car dealership’s one-low-price, “hassle-free buying” philosophy to home loans, with the intent of making money through volume, he says.

“We thought Dave Smith Motors has a nice captive audience,” Smith says, referring to the dealership’s reputation for comparatively low pricing.

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