OMG, the bank manager (sales person) told you you would get the best discount through him? and made out brokers couldnt get as big a discount?
Why would he say that unless it was true?
Quote:
Originally Posted by BV
If you did, the broker would be getting his cut so there will be less room for the bank to move.
In cases where you want to get the max discount possible you've got to be dealing with the lender direct and to have all of your loans taken directly with them and not through a broker.
I don't know if this is true with all lenders but that's what I was told by a lending officer when I questioned the 0.9% discount
Unless, Maybe he was trying to win a sale? Maybe thats what his manager told him to say to clients that are rate focussed and mention brokers? Perhaps he gets paid a bonus on the volume of loans he writes each month?
Or perhaps he hasnt written any loans for the last 3 months and is about to lose his job and so will tell anyone anything in order to get a sale?
Why would he say that unless it was true?
Quote:
Originally Posted by BV
If you did, the broker would be getting his cut so there will be less room for the bank to move.
In cases where you want to get the max discount possible you've got to be dealing with the lender direct and to have all of your loans taken directly with them and not through a broker.
I don't know if this is true with all lenders but that's what I was told by a lending officer when I questioned the 0.9% discount
Unless, Maybe he was trying to win a sale? Maybe thats what his manager told him to say to clients that are rate focussed and mention brokers? Perhaps he gets paid a bonus on the volume of loans he writes each month?
Or perhaps he hasnt written any loans for the last 3 months and is about to lose his job and so will tell anyone anything in order to get a sale?