Quote:
Originally Posted by albertGQ
Also. I don't know why people get so pissed when banks don't offer their best rate right away. Why would they?
You don't see car salesman give you the lowest price right away. Jewelers or even the Future Shop sales guys never give you the best deal. You have to bargain for it.
I think banks get a bad rap sometimes. They're a business. They have to maximize profits for their shareholders.
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It's not so much a matter of getting pissed off as exposing that it happens. As has been mentioned too many people buy the bs, go ok and sign on.
As you correctly point out through your analogies they are simply mortgage salesmen trying to sell a product at the highest price.
It's nice to just call it what it is.