What You Can Negotiate from a Lender Lenders may be willing to do one or more of the following: Restructure the mortgage by extending the term so that you have lower payments, so long as the lender does not ultimately lose any interest Temporarily allow you to miss payments until you get back on your … Read more
How to Negotiate with a Lender: What to Negotiate in a Mortgage To put yourself in a position to negotiate with a lender, you have to remember that the lender is not doing you any kind of a favor by lending you money. It’s a mutually (or should be) beneficial trans action. You need money; … Read more
How to Negotiate with a Lender – When to Negotiate for a Mortgage Nicole’s problems (a true story by the way) stem from several misconceptions on her part. Like most people, she believed there was no possibility of negotiating with the lender. Then, when she was delivered an ugly mortgage that she didn’t want, she … Read more
How to Negotiate with a Lender Most people believe that you can’t negotiate with a lender. You take what they have to offer or not. It’s that simple. For example, Nicole was buying her first home, a condo, and needed to secure financing. The price was $240,000 and she wanted to put no more than … Read more
