Exclusive arrangement

Let’s talk about professional relationships. When you are looking to buy a home you don’t go house hunting with nor put in offers on the same property with 5 different Realtors. You also don’t consult and meet with 5 lawyers when it comes time to close your transaction. However when it comes time to finance said purchase why is it that a select few people (thankfully they are the exception not the rule) have no qualms about dealing with several brokers at the same time. Usually these people can be spotted in the first 15 minutes of the conversation as they seem to be concerned only about rate.

Let me save you the trouble with an example. Rates from most of the lenders in the market are consistently around the same amount. Some may very by 5 basis points or … Read more