Charles Kirkland Shares Some Helpful Tips To Help You Negotiate A Better Mortgage Rate


The mortgage market can be a confusing place, but it doesn’t have to be. You just need to know how to get the best deal on a loan. Here are some tips for negotiating with lenders and getting a better rate.

Shop Around For A Better Rate

When it comes to shopping for a mortgage, you should always do your research. Do not settle for the first rate you see. In fact, don’t even think about settling for it–just keep looking until you find something better!

The lowest rate is not always the best deal and there are many factors that can affect how much money you save when refinancing or buying a new home. Shopping around will allow you to compare things like:

• The interest rate offered by each lender;
• Points (which represent one percent of the loan amount) and fees associated with closing costs;
• Loan terms such as length of amortization (or time period), prepayment options if applicable etc.

Be Honest About Your Income And Employment Status

Lenders will assume that you can get more money, so don’t pretend that you’re making $50,000 when you’re only making $30,000. If you’re self-employed and have been for years, let the lender know this upfront so they don’t think it’s a temporary gig or something else that might cause problems down the line.

Work With The Same Lender Throughout The Application Process

When you’re working with a lender, it’s important to stick with them throughout the entire process according to Charles Kirkland. Why? Because the relationship between you and your lender will be built on trust and communication.

Charles Kirkland you go through multiple lenders during the application process, there will be no way for them to know what kind of customer service experience they can expect from each other or how much effort they have put into helping their clients secure financing. This can lead some lenders who are less willing than others (or don’t have enough staff) to give up on trying if they feel like too much work is required by another company over which they have no control.