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Mortgage Broker News | 05 Dec 2018, 12:22 AM Agree 0
Should preapprovals be made illegal? Elain Weintraub thinks so
  • Bill | 05 Dec 2018, 09:05 AM Agree 0
    A better argument might be for required conditions of financing...
  • Cynthia | 14 Dec 2018, 03:57 AM Agree 0
    Any broker that doesn't clearly tell their client that a preapproval is just a rate hold and is not a guarantee should be drawn and quartered.

    Any realtor who advises a client to make an offer subject free should also be drawn and quartered.

    The problem isn't the product. It's greedy, commission, corrupt brokers and realtors that aren't doing their jobs properly.

    The sooner technology replaces mortgage brokers (like it has in much of the US, China, and Europe) the better off the consumer will be.

    Brokers and realtors days are numbered. It's not a question of if, but of when.
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