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It is possible to negotiate a better mortgage rate?

April 26, 2017mortgage negotiate possible rate

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It is possible to negotiate a better mortgage rate?

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A. Often it is possible to get an additional ½ to 1% off the lender’s posted ‘best available’ rate, if you know how to go about it. Using a mortgage consultant allows you to effectively ‘shop around’ for the best rate among competing lenders. Often mortgagees will bid against each other when a buyer is represented by a consultancy service. And when you use a mortgage consultant, only a single credit report will be necessary.