January 25th, 2012 9:41 AM by Eric Fang
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 checkthe 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 purchasea new dream house.