You are the ONLY person I’ve ever heard of ,
to bring in a totally unnecessary 3rd party to do a refinance .
Normal people just use the lenders . . .
Yours will make whatever they were able to sucker you into per whatever contract / paper you signed with them . . .
And how much does your paperwork say ?
Some states require mortgage brokers to have real estate licenses too, where as some states won’t let Realtors be mortgage brokers. It sounds like you are working with a Realtor who is a mortgage broker on the side. A Realtor is not commissioned in a refinance, but if he is acting as a mortgage broker he is, and is probably making between 1.5-4% of the loan amount.
7 Responses
Morgan hill homes
WHY???
do it on the phone
there must be 5 – 10 refinance adds on TV.
All say NO fees
get real
Marathon Key rentals
A “Real Estate Agent” or a “Mortgage Broker”???
Atlanta Georgia Real Estate
Why are you using a real estate agent? You can deal directly with a mortgage broker.
lip augmentation
You are the ONLY person I’ve ever heard of ,
to bring in a totally unnecessary 3rd party to do a refinance .
Normal people just use the lenders . . .
Yours will make whatever they were able to sucker you into per whatever contract / paper you signed with them . . .
And how much does your paperwork say ?
Huntsville Housevalues
U R GIVING $$$$$$ AWAY SAY U R FIRE REAL ESTATE AGENT AND U SAVE THE $$$$ 4 CLOSING COST
Chandler Real Estate
Some states require mortgage brokers to have real estate licenses too, where as some states won’t let Realtors be mortgage brokers. It sounds like you are working with a Realtor who is a mortgage broker on the side. A Realtor is not commissioned in a refinance, but if he is acting as a mortgage broker he is, and is probably making between 1.5-4% of the loan amount.
NJ Real Estate
Real Estate agents make NO money from a re-fi….