Negotiation With Mortgage Companies [By Manny Vetti]
Finding the lowest rates and best terms used to be a difficult task. Fortunately, with the proliferation of the Internet, finding the lowest rates is a lot easier today then it was in the past. Why? Most mortgage seekers have moved to the internet to research rates and find mortgage companies, this means the mortgage companies have to position themselves where people are looking. It is so easy for every mortgage company to make themselves available on the internet to many people, this increases the competition. Since these mortgage companies know they are competing for your business with other mortgage companies they are more likely to start off giving you good rates and terms. But don't always assume that. Realize you have the power to negotiate because they want your business. Mortgage companies have many different mortgage products they can offer you. For example, when you refinance you may want a fixed rate or an adjustable rate, you may want your repayment term to be 5 years, ...