Q: What are some tips for negotiating a better mortgage rate?
A: To negotiate a better mortgage rate, consider the following tips:
- Compare multiple lenders: Don’t settle for the first offer. Get quotes from several lenders to compare interest rates and fees.
- Build a strong relationship with your lender: Establish a rapport with your lender and demonstrate your financial responsibility.
- Be prepared to walk away: If you’re not satisfied with the rates or terms offered, don’t hesitate to explore other options.
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