Hi,
I am a real estate investor and a landlord. I applied to refinance one of my properties.
The mortgage broker told me and had me sign a document saying his fee is 1% of the loan he is arranging.
My question is:
I worked with him before and he is a great guy! my application is not easy to approve and I really want to compensate him for the effort if successful. Is it legit to offer him 2% of the loan instead of the 1% he mentioned? I obviously don’t want it to look like blackmail or something but… I really want to pay him more for the service! is it legit/legal to pay him
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