Hi,
Looking for advice and opinions on using a mortgage brokers or go bank shopping on my own.
I just got off the phone with a mortgage broker and apparently Kiwibank whom we usually bank with do not deal with MBs so they won't be able to include them in the shortlisting.
They are requesting that if I go with them and on the side to go with Kiwibank on my own, they would charge me $500 to start work. No matter what the outcome is, the $500 fee is fixed.
Is this the usual practice? I can understand if they charge me if I don't end up with their recommendations but it is chargeable even if I go with their recommendations.
So this brings me back to, how much value does it add to the process of engaging a MB? What are your experience in this?
Thanks.
Looking for advice and opinions on using a mortgage brokers or go bank shopping on my own.
I just got off the phone with a mortgage broker and apparently Kiwibank whom we usually bank with do not deal with MBs so they won't be able to include them in the shortlisting.
They are requesting that if I go with them and on the side to go with Kiwibank on my own, they would charge me $500 to start work. No matter what the outcome is, the $500 fee is fixed.
Is this the usual practice? I can understand if they charge me if I don't end up with their recommendations but it is chargeable even if I go with their recommendations.
So this brings me back to, how much value does it add to the process of engaging a MB? What are your experience in this?
Thanks.
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