Mortgage Brokers Only gets you the deals in which they maximise their own commission, talk or coerce their clients into such deals with various psychological techniques. Although they claim that they will get you the lowest mortagage rate in their advertisments ; it is just another bait and switch technique.
Mortgage Broker
- Thread starter Jimboyready
- Start date
Not all of themJimboyready said:
If one has not served you well you can lodge a complaint through FICOM (http://www.fic.gov.bc.ca)
PM if you would like more info
There are ethical professionals out there. But many are lowlives who give them all a bad name, as in every field. Only go with one who's been referred to you by someone whom you trust. Anyone can make promises up front; it's another story as to who will deliver as promised & on time. This is especially crucial if a sale is at stake. So don't go shopping for one on the internet or ads. Would you find a doctor that way? The benefits of finding one only by referral are that someone you know has seen & approved their work, & that when they go to work for you they'll know they're being watched by the one who sent you to him.
As for being "coerced"....learn to take responsibility for your actions & get a backbone. Did he put a gun to your head & make you sign on the dotted line?
That being said, I'm sorry you've had a bad experience. So have I on my own transaction, & I'm a professional in the real estate field.
As for being "coerced"....learn to take responsibility for your actions & get a backbone. Did he put a gun to your head & make you sign on the dotted line?
That being said, I'm sorry you've had a bad experience. So have I on my own transaction, & I'm a professional in the real estate field.
i got my first mortgage through a broker and got a great rate ...
i got a referal for a different broker through my realtor and the moron gave me such a run around i ended up forfeiting the deal on a second place ...
this is the first i have heard that they are all scum ... maybe i just had a lucky first experience but i would use one again.
i got a referal for a different broker through my realtor and the moron gave me such a run around i ended up forfeiting the deal on a second place ...
this is the first i have heard that they are all scum ... maybe i just had a lucky first experience but i would use one again.
