Posted on: 09th Mar, 2009 04:34 pm
I got a couple of pre-approvals and Good Faith Estimates. Both sit at 5% and points are the same and the other loan costs are similar.
When am I supposed to negotiate rates? Am I supposed to negotiate on the GFE or once I actually progress towards closing?
Since the GFEs are similar, do I really have much to work with?
I feel dumb asking these questions, but I've tried researching myself and can't find anything about timing for these "negotiations." Thank you all!
When am I supposed to negotiate rates? Am I supposed to negotiate on the GFE or once I actually progress towards closing?
Since the GFEs are similar, do I really have much to work with?
I feel dumb asking these questions, but I've tried researching myself and can't find anything about timing for these "negotiations." Thank you all!
Basically, you negotiate NOW. That is a good rate though. Just do with whoever has the lowest fees at that rate.