Can you negotiate interest rate on a mortgage?
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Studied at the University of Toronto, Lives in Toronto, Canada.
Negotiating mortgage interest rates goes beyond just the rate itself. The loan rate usually depends on the closing costs, particularly origination and discount point costs. A --point-- is one percent of the loan amount. ... As up-front points rise, the interest rate should lower, and vice versa.
2023-06-14 06:16:21
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Olivia Williams
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Negotiating mortgage interest rates goes beyond just the rate itself. The loan rate usually depends on the closing costs, particularly origination and discount point costs. A --point-- is one percent of the loan amount. ... As up-front points rise, the interest rate should lower, and vice versa.