A few weeks ago I wanted to shop for a better rate on my mortgage so I gave my broker a call. He suggested I call up the bank myself to negotiate, citing some privacy/contract agreement that prevents him from doing it...
My question is: is that really the case? I thought negotiating a better rate/deal was apart of a good broker's job, furthermore he has an ongoing relationship with the lender which adds more weight to the negotiation, whereas I am just a random account number.
Anyone knowledge in this field knows if my broker was telling the truth?
My question is: is that really the case? I thought negotiating a better rate/deal was apart of a good broker's job, furthermore he has an ongoing relationship with the lender which adds more weight to the negotiation, whereas I am just a random account number.
Anyone knowledge in this field knows if my broker was telling the truth?