Yeah Not!!
Well, at least that's what the Mortgage Broker said in a recent blog post about banks not offering or advertising the best rates. I'm gonna go with "I disagree for $200 Bob"
If you are a first time home buyer, and happen to meet Before you are referred to a tried and true list of lenders by your
you may be lured into a false sense of and "of course I know what I'm doing". And the sound of "it's only 2% doesn't sound bad. Borrower beware, that's 2% of a $200,000 home. Yes that's $4000 of what you were saving to use towards your house, has now been promised to "you know who" for doing something you can do... pick up the phone.
It doesn't go towards the downpayment or closing costs, just in "you know who's pocket" AND to add insult to injury you will still have to the lenders charges also. So don't be this guy, call your favorite agent and get some guidance. You'll be glad you did.
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