Quote:
Originally Posted by fotze
I see, alot of people do not though which is bizarre. They will shop around for cheap gasoline but for a mortgage just assume the bank they have been with for a while, will treat them right. Oh well, its only $20,000.
I have never paid a broker fee.
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It's amazing what some banks try to get away with. Especially around renewal time. They will send out a renewal notice to the client that has been with them for 20 years and just expect them to sign it and send it back to them. Most time the rate is WAY higher than what they could get if they walked into the bank and did a little negotiating, and if they talked to a broker they can usually even beat that rate even further.
It's your money. Silly to give it away to the bank like that. They have plenty of money already. Little bit of research save you a whole lotta dough.