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Message
re: Why I am glad I had a mortgage broker.
Posted on 6/23/13 at 4:47 pm to nolatiger711
Posted on 6/23/13 at 4:47 pm to nolatiger711
quote:
The fees worksheet says 1.5% of the sale price, but he is actually charging 1.425% of the sale price.
His fee should be based off of loan amount, not sales price.
1
Posted on 6/23/13 at 9:51 pm to MikeBRLA
quote:
OP: You're seriously buying into an extremely polished sales job. A guy cut his % from 1.5 to 1.425%????
I never said that he tried to tell me he was discounting. I was just looking at what the sheet said to help answer the question earlier in the post. It says 1.5% but the fee is 1.425% of the sales price. MikeBRLA shows how I confused the fee below.
quote:
His fee should be based off of loan amount, not sales price.
I went back and that is where the confusion was. It is 1.5% of loan, which equals 1.425% of sales price because I am only putting 5% down.
The whole message is that he knew to jump on the lock for me which resulted in me paying much less, including his fee, than if I had been shopping on my own.
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