|
Brokers Can Be So Sneaky!
| Posted By |
Message |
bikramaddict
mommy-to-be
Member since 8/06 4376 total posts
Name:
|
Brokers Can Be So Sneaky!
Maybe I'm the last to know this, but I just found out that closing costs can go up a few thousand to compensate the broker! And then on top of it, raise your interest rate to get paid more 
I thought the broker got paid by the bank now I see s/he gets from the seller too.
I was stunned when I heard that...maybe I'm just way too naive.
|
Posted 12/11/06 2:01 PM  |
| |
|
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
DRMom
Two in Blue
Member since 5/05 20223 total posts
Name:
Melissa
|
Re: Brokers Can Be So Sneaky!
They do get paid by the bank. My Dh is a broker. He'll kill me for saying this but you can negotiate. Look for the lowest rate you can find from a regular bank then use that to bargain with him.
|
| Posted 12/11/06 2:03 PM |
| |
|
lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
|
Re: Brokers Can Be So Sneaky!
Personally - I would prefer to shop around and work with someone from a bank rather than work with a broker. I know too many people that have had bad experiences with brokers....
|
| Posted 12/11/06 2:19 PM |
| |
|
june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
|
Re: Brokers Can Be So Sneaky!
Posted by lululu
Personally - I would prefer to shop around and work with someone from a bank rather than work with a broker. I know too many people that have had bad experiences with brokers....
I agree.
|
| Posted 12/11/06 2:27 PM |
| |
|
kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
|
Re: Brokers Can Be So Sneaky!
this is what we are going to try and do. Anything to save a little money
|
| Posted 12/11/06 2:37 PM |
| |
|
Potentially Related Topics:
Currently 539230 users on the LIFamilies.com Chat
|
