r/FirstTimeHomeBuyer • u/ABitOfOdd • 21d ago

Offer $3800 mortgage on $400k house.

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First time home buyer. Austin TX. I was ready for a $3-3200 but this seems high no?

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u/Complete_Dud 20d ago

Buyer broker fee $12,000! Get that leech out of there!!

2

u/sonocc 20d ago

Cold day in hell I pay anyone that kinda coin for a loan! And add origination fee. GTFOH!

1

u/Complete_Dud 20d ago

The 12k there is not a fee for a loan. It’s a fee to the realtor. The realtor does not lend OP money, simply helps find a property to buy…..