Comments on: Always Negotiate Mortgage Lender’s Fees http://www.bargaineering.com/articles/always-negotiate-mortgage-lenders-fees.html personal finance blog with anecdotes, advice and commentary. Sun, 22 Nov 2009 06:04:27 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: OL http://www.bargaineering.com/articles/always-negotiate-mortgage-lenders-fees.html/comment-page-1#comment-1427 OL Tue, 04 Oct 2005 05:12:26 +0000 http://www.bargaineering.com/articles/?p=310#comment-1427 On a HELOC that was acting as a second mortgage, I was successfully able to negotiate down by 1.5%. What I did was shop around for a lender who offered a really low second mortgage rate. I then brought this to my lender and showed that I could get a better second mortgage rate somewhere else. He was able to lower the second mortgage to this new rate. In the end I had a combination of both first mortgage and second mortgage that were both the best rates that I could find. I probably could have negotiated some of the fees as well. Oh well, next time :) --<a href="http://www.optimizedliving.com" rel="nofollow">OL</a> On a HELOC that was acting as a second mortgage, I was successfully able to negotiate down by 1.5%. What I did was shop around for a lender who offered a really low second mortgage rate. I then brought this to my lender and showed that I could get a better second mortgage rate somewhere else. He was able to lower the second mortgage to this new rate. In the end I had a combination of both first mortgage and second mortgage that were both the best rates that I could find.

I probably could have negotiated some of the fees as well. Oh well, next time :)

–OL

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