Best Answer

No, one point is more than fair and you should be happy that you got the loan....loser

First, it's not a rebate. It's his commission or fee, generally paid by the one giving, not getting the money. Second - Certainly he could rebate to you some portion of it, like anyone could give you a discount on their fee. But here's where the above contributor, while a bit over the top, is's the common fee and how he makes a living..and you want to get him about if he provides a lower level of service...that OK? Third - HE probably only gets a portion of the 1%. He probably works for a loan/mortgage brokerage or company that gets the 1% and they either co-operate with other brokers (who also get a share just to start), and or, the fee is split in the Company...they keep half, (for providing his office, benefits, advertising, leads, sources of funds, etc.). Or if he is entirely independent...he makes 1% and has to pay for his own business and support, copier, phone, car, advertising, insurance, training, etc., etc., and nets only a small portion of that 1% anyway. He could actually lose money on some loans...especially as a $100,000 loan only generates a $1,000 total fee to be split by all those involved or pay the costs of the business.

User Avatar

Wiki User

โˆ™ 2008-02-14 19:06:25
This answer is:
User Avatar
Study guides

Personal Finance

20 cards

What is rhetorical device

Who was the father of rationalism

What is a cash advance

What is discretionary spending within a budget

See all cards


20 cards

What type of policy is a certainty that the insurance company will have to make payment

What is the purpose of the loans made by the World Bank

What is the main intention of boycotts

How does the WTO promote global free trade

See all cards


21 cards

What does liability insurance cover

How has globalization contributed to the recent increase in international terrorism

Why is globalization potentially damaging to the environment

Why does the growth of international trade lead to a rising global standard of living

See all cards

Add your answer:

Earn +20 pts
Q: If your loan agent is making a one point rebate is there any way you can have him lower his margin so you can get a better rate?
Write your answer...
Related questions

Why is soap a better cleaning agent?

Better cleaning agent then what?

Is being an FBI agent better or is being a cia agent better?

cia becuz they go around the world

Can the beneficiary collect insurance proceeds if the insured collect illegal rebating from agent?

Though paying rebate to insured by agents is prohibited, that does not hinder in the way of getting insurance proceeds.

Can you work as a real estate agent and sell insurance at the same time?

Yes. In fact, many people sell houses and homeowners' insurance, cutting out another salesman and making you have a better chance of making the commission because you are already seen as trust worthy in their eyes.

What is the infectious agent for the disease influenza?

Influenza, or the flu, is caused by a virus. It is infectious because it is transmitted by body fluids with contact to mucous membranes and can be transmitted via the airborne route.

Is pectin important in making jams and jellies?

Pectin is important in jams and jellies as pectin is the natural setting agent for jams and jellies, the higher the pectin levels the better the jam or jelly will be.

Is it better to find cheap hotels in Seville from a travel agent or on the internet?

It's all depends on the season, sometimes it is better to get a deal from the travel agent. On the internet you will likely get a better deal, check with TripAdvisor.

Which is better secret agent clank or daxter?

I have both and I think that overall, Secret Agent Clank is better. The final boss in Daxter is extremely easy compared to Secret Agent Clank. I beat Daxter in 2 days and I am still not done with Secret Agent Clank. They are both fun.

How do you get a better agent on Madden 07?

You must continuing playing in Superstar Mode to upgrade your status among agents. Such as winning Super Bowls, and your the MVP will get you a better agent

What does a film making agent do?

Any agent who works for any 'talent' involved in filmmaking works at engaging work for a client.

What is the function of eggs when making pasta dough?

As a softening agent!

What is the name of the raising agent used in bread making?


Why is sulfur dioxide needed in paper making?

bleaching agent

Is it best to book a cruise through a travel agent?

Unless you�re a very experienced cruiser, or are lucky enough to find a fantastic fare on one of the travel mega-sites, a Travel Agent is usually your best bet. Be sure you get an agent who specializes in cruises. He or she will be able to book groups and negeotiate better discounts for you. Many larger Travel Agencies specializing in cruises now rebate some of their Travel Agent commissions to the consumer, although technically that's supposed to be a no-no. Most of them do a very large volume in cruises, and maintain 800#s and websites of their own. One word of caution: never let a travel agent, or anyone else, talk you into a cruise that's not right for you, just because the fare is low. If you have your heart set on going to the Bahamas, you are NOT going to be happy with an Alaskan cruise! It's usually better to develop a good working relationship with a Travel Agent, even if you end up paying $10 or $20 more.

How much does a baseball agent make?

It depends on what players they represent. The better the player, the more the agent will usually make

What are agent markers in asl?

DOes anyone know how to say "agent markers" in Spanish? thanks!

Why are travel services so expensive?

Travel services are so expensive because the travel agent is doing most of the work in planning a vacation or other outing. The agent is responsible for making flight plans, hotel reservations, and in some cases, planning out events for one to enjoy. In some cases it is better for someone to do this themselves, however if traveling to an unfamiliar place, then a travel agent may be the best option.

What is the Binding agent used in making charcoal briquettes?

Paraffin (wax)

Is it better to visit an agent for auto insurance quotes massachussetts, or should I go online?

It is probably better to go online if you want to save time anf money,but for the personnel touch visit your agent.

Who is better the police or an FBI agent?

Fbi all the way!

What is the role of sodium laurent sulphate in making shampoo?

Sudding agent and not good for you!

How much does an insurance agent at Farm Bureau start out making in salary?


What agent is often used for making negative-stained slides? community

What are alkaline waves?

have a pH between 9.0 and 9.6 use ammonoiu thioglycolate(ATG) as the reducing agent and process at room temperature

What is a teratogen?

An agent, such as a virus, a drug, or radiation, that causes malformation of an embryo or fetus A teratogen is an agent, which can cause a birth defect. It is usually something in the environment that the mother may be exposed to during her pregnancy