View Single Post
Old 10-22-2012, 10:41 PM   #2
GP_Matt
First Line Centre
 
GP_Matt's Avatar
 
Join Date: Jun 2011
Location: Edmonton
Exp:
Default

It seems unethical to use their services when you are in a bind and then bail when you find something cheaper.
You could always ask your broker what his commission is on the deal after expenses and pay him the money.
Another option would be to have him set you up with a completely open mortgage. That way you can take your time selling your current home. Once the home is sold you can port the mortgage to the new home and pay off the old mortgage. It is open so there is no penalty and the broker will have gotten his commission. The advantage of this plan is that you can take longer to sell your house and possibly get a better price. You will likely accept less if you have to sell the house by a fixed date.
GP_Matt is offline   Reply With Quote