In Australia/UK these are both typically not a problem because the lender pays the broker not you and you don’t use a buyer agent you just do it yourself.
Ask HN: Buying house – any disruptors I can use?
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Re: Ask HN: Buying house – any disruptors I can use?
#22We are disrupting the housing market! https://better.com/ We don't charge any mortgage broker commission (eww, it's gross) we'll give you transparency into the mortgage process so you can configure loans to your hearts content to optimize for what you want on your own terms. We also have a fleet of real estate Agents that can help you find your new home and currently we'll cut 1% of the purchase price off of your eve…
dood, i grok your chutzpah.
Re: Ask HN: Buying house – any disruptors I can use?
#23Ask if they do borrower paid compensation. you might also want to check a local credit union. You might also try looking for mortgage brokers and small banks in smaller towns in CA with lower property values. They might be willing to give you a break since your loan amount will look big to them. And they are used to doing loans for 4-6K Also make sure you get the inspections worked out upfront. Last thing you want to…
Appreciate your detailed pointers.
One last thing APR APR APR. rates closing costs are all baked into APR.
Re: Ask HN: Buying house – any disruptors I can use?
#24We are disrupting the housing market! https://better.com/ We don't charge any mortgage broker commission (eww, it's gross) we'll give you transparency into the mortgage process so you can configure loans to your hearts content to optimize for what you want on your own terms. We also have a fleet of real estate Agents that can help you find your new home and currently we'll cut 1% of the purchase price off of your eve…
Late to this post but I think it's important.
Better gave be the best loan terms I could find, however no seller would accept an offer with Better as the lender. I was told outright my offers were rejected because they did not recognize Better. After switching to a local loan agent associated with Guaranteed Rate my first offer was accepted.
The cash offer service is interesting but ultimately I think it disrupts in the wrong direction. The issue on the buying side is information asymmetry, not access to money.