want to change loan broker

[homebyr]

What is the name of your state? CA

My current loan broker offered me a deal. I asked for a GFE and it had more than $5000/- as broker fee. He asked me whether he can lock the rates.
I told him to lock. Mean while I was on the look out for better rates. I got
another deal which had no broker fees. So I wanted to switch to the
new agent. But the old broker now wants me to pay the consultancy fees
since he has already locked the rates. Am I obligded to pay him this amount?

 

[HomeGuru]

What is the name of your state? CA

My current loan broker offered me a deal. I asked for a GFE and it had more than $5000/- as broker fee. He asked me whether he can lock the rates.
I told him to lock. Mean while I was on the look out for better rates. I got
another deal which had no broker fees. So I wanted to switch to the
new agent. But the old broker now wants me to pay the consultancy fees
since he has already locked the rates. Am I obligded to pay him this amount?

**A: and what does your mortgage brokerage contract state, if any?

 

[homebyr]

I didnot get a copy of that docs I signed initially. I asked for a copy and they
dont want to give now. But I believe the buyers are oblidged to give only after signing the escrow right? not by just locking the rates.

 

[HomeGuru]

I didnot get a copy of that docs I signed initially. I asked for a copy and they
dont want to give now.

**A: they are required by law to give you copies.
*******
But I believe the buyers are oblidged to give only after signing the escrow right? not by just locking the rates.

**A: buyers?