Priscilla Moore
RE/MAX Allegiance
5641 Burke Centre Parkway, Burke, VA22015
Priscilla MooreO: 703-250-6673C: 703-298-2641

Today's News and Features

Q: Can You Negotiate Interest Rates?

Thursday, October 08, 2015

A: A few lenders will negotiate the mortgage rate and number of points on a loan.  However, this is more the exception than the rule with established lenders. As always, shop around and know the market before you enter a lender’s office. Rates are often published in local newspapers and on Internet Web sites.

You may have more luck when dealing directly with a seller who has agreed to finance your loan.  He is likely to be more open to negotiation, particularly when motivated to make a quick sale.

 

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