Asked by SanFran, Broomfield, CO • Mon Jan 19, 2009
A new home builder's approved lender offers incentives, for ex: so much $ off towards closing costs, etc... But when I looked at the preferred lender's GFE, I saw they were charging stupid 800 fees and int rate was also high for 0 pts, 0 origination fee. I can get lower interest from my bank with 1/2 pt and 0 orig fee.
I definitely want to get the incentives because they beat my bank, but how do I negotiate with the preferred lender to knock off some of those "junk" fees and give me lower rate?
Should I offer to pay an origination fee ? - I think the loan officer/broker gets to keep that right?
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