Loan Modification - Free Foreclosure Help - Help Stop Foreclosure » Help Stop Foreclosure - Loss Mitigation Help » Help Stop Foreclosure » Real estate agent wants me to use their preferred...

Help Stop Foreclosure Chat about everything Mortgage related. our staff are ready to answer any Mortgage questions you may have. All advice is free.

Short Sale    Loan Modification    Loss Mitigation Training    Short Sales Training
Reply
  #1 (permalink)  
Old 10-12-2009, 03:07 PM
Junior Member
 
Join Date: Oct 2009
Posts: 1
Default Real estate agent wants me to use their preferred...

...bank to get a mortgage...is there any harm? My agent offered their preferred bank services to get a loan over mine due to faster transaction time and "supposedly" better rates. Is there a reason as to not trust those services or should I go and find my own?I've tried looking at the cons to it, but I just don't see any.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
  #2 (permalink)  
Old 10-12-2009, 03:18 PM
Junior Member
 
Join Date: Oct 2009
Posts: 1
Default

This is likely to be because the agent gets commission from the bank. You will almost certainly get better rates if you shop around.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
  #3 (permalink)  
Old 10-12-2009, 05:12 PM
Junior Member
 
Join Date: Oct 2009
Posts: 1
Default

I would definitely do my homework before taking any loans. Compare. Some real estate agents work with certain people. They help each other make a sale. My girl sold real estate and her friend sold mortgage loans. They helped each other out. This was all legal, no kick backs. Just friends working together.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 01:45 AM.
Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd. Free Foreclosure Help