Realtor suggested a lender - are they going to be angry if we use a different lender?

[Anonymous]

We are working first time with a realtor that came highly recommended. We like them. However, they suggested a lender they work with, which I was fine with, but DH wanted to go to our own bank first. Is that going to make our realtor angry to the point where they would punish us in some way?

[Anonymous]

They won’t know who you finance with until you’re at settlement - what are they going to do then? Just shop around and get the best deal for you.

[Anonymous]

1. Who cares if they get "angry." They work for you. You're the boss, so act like it.

2. You should be getting quotes from 3 lenders in order to haggle them down and make them compete for your business. I'd get a quote from the realtors lender just to see what kind of pricing or relationship discounts they will offer you. Get an offer from DH's bank and then get a 3rd offer from an online lender.

Don't be a pushover.

[Anonymous]

Almost every realtor recommends a lender. I always ignore them. It’s fine.

[Anonymous]

thank you, dCUM, you never disappoint.

[Anonymous]

Is this post real? You think your realtor would "punish" you?

In my experience, agents recommend people who get the job done. If you go with someone who screws up or doesn't get the job done, it's on you. But you do what you want.

[Anonymous]

Who cares? Go for the best price/deal you can get. Ours was mad that we didn't go with hers as she gets a kickback. At this point the settlement office takes care of everything so you don't need a relator once the bid is in.

[Anonymous]

Realtor gets the commission regardless of the lender. They don't really care.

[Anonymous]

They get a kickback from their preferred mortgage lender. Just go with your own bank. Who cares if they are "mad"? It's business.

[Anonymous]

Anonymous wrote:We are working first time with a realtor that came highly recommended. We like them. However, they suggested a lender they work with, which I was fine with, but DH wanted to go to our own bank first. Is that going to make our realtor angry to the point where they would punish us in some way?

No. They just typically will recommend someone they have experience with and confidence they will get you to closing. Some lenders have more hiccups than others.

[Anonymous]

Anonymous wrote:They get a kickback from their preferred mortgage lender. Just go with your own bank. Who cares if they are "mad"? It's business.

Please refrain from posting anymore if you are going to make false statements like this.

[Anonymous]

No

[Anonymous]

Take both for a ride, take the best rate and go to closing with that lender. You are in control

[Anonymous]

Anonymous wrote:

Anonymous wrote:They get a kickback from their preferred mortgage lender. Just go with your own bank. Who cares if they are "mad"? It's business.

Please refrain from posting anymore if you are going to make false statements like this.

What?

Posted it it because I know people in the business -- it is absolutely not false at all. Realtors get commissions when buyers go with their preferred lenders.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They get a kickback from their preferred mortgage lender. Just go with your own bank. Who cares if they are "mad"? It's business.

Please refrain from posting anymore if you are going to make false statements like this.

What?

Posted it it because I know people in the business -- it is absolutely not false at all. Realtors get commissions when buyers go with their preferred lenders.

PP here: Oh, and yes, it's illegal. But yes, it happens all the time.