If you are referring to a borrower negotiating terms of a mortgage origination then I'll tell you that terms are non-negotiable and anyone who does is breaking the law. When you apply you should be getting the best available rates for the programs you are interested in. You cannot be steered to higher priced mortgages and you cannot be offered a discount. There is nothing to negotiate.
You need to discus with a reliable reverse mortgage .I have a reverse mortgage which name is reverse mortgage lenders direct. You can get any answer from their by search
When comparing multiple lenders, I would let the other lenders know you are comparing them to other lenders in order to ensure you are getting their most competitive rates.
Don't hesitate to call or email me if you have any further questions about the lending process from a Realtors perspective, general questions about buying a home, or see a home online that you would like to view in person.
Hope this helps!
Jenny S. Becker
Cell: (832) 594-1265
The good lenders won't likely negotiate though..... Not enough profit built in.... And we are precluded by law in giving one client a better deal than the next client.
There are some out there though, that don't really care about the law and will likely negotiate.
You can also negotiate your realtors fees. They are not precluded by law in giving you a special deal!!!! THAT is where the money is going to be saved.
(214) 763-4629 cell/text/nights/weekends(Really!!)
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You bet they can. Most buyers should get a review of closing cost (used to be good faith estimate, but they can't get those until a contract is signed) from each lender and compare with the help of their Realtor.
If they see difference between the closing cost (offers), go back to the lenders and see if something can be done about a fee here, a cost there, etc. The client will need to speak to the lender, but the Realtor can give advise.
Bernstein Realty, Inc.
Coast 2 Coast Property Solutions