Mortgage Blog

We got a phone call from a Real Estate Agent and shopping
around for his buyer to get the best rates. And according
to him, he wants to do the best to "take good care of"
the clients.

It sounds interesting. Isn't it? From my understanding,
it's his job to do get the best deal for the client, not
shopping around for the best rates. It's easy for the
buyer to save a couple of thousand dollars on a good deal,
but it is very hard to save interest on the loan for
teh same amount.

And also for the privacy reasons, We could not deal with
the realtor for the client's interesting rate. I don't
we can provide a GFE to a realtor?

Also as a buyer/borrower, if you ask the agent to check
the rates for you, you lost the opportunity to learn
how the purchase loan(refinance too) works. It's part
of the homework you should do when deciding to purchase
a new dream house.