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Message to My Mortgage Broker Friends

When I see things such as:  "AGF Trust is offering two 5 Year Fixed Quick Close options at reduced commission rates"
show up in my inbox I cannot help but to cringe.  I realize that the lenders in their limited wisdom are attempting to provide us with a tool to avoid losing business to others such as Bank of Montreal, but they are killing the industry and us by doing so.

I don't need their help to give my money away.
 I don't need them to give me permission to do so. 
I don't need them to try to sell me on the idea like it is some favour they are doing me.

A more proper way for them to phrase it would be: "We make millions of dollars, but in order for us to offer competitive rates, we want to pay you less"

In order for the lender to continue to make millions, either the customer has to pay more or you have to earn less.

This creates a real problem and an ethical dilemma for us as mortgage associates.
Every time you sell a mortgage you must decide, "is it more important I save this client $30/month or is it more ... more

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