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Getting a Mortgage Rate that is Best for You – Unleash Your Negotiating Skills and Talents

August 19 2013 , Written by Canada Mortgage Rates

Are you in the market for a new mortgage loan? If such is the case, it is possible that this is your first time being a home buyer. If not, then your current mortgage may already be up for renewal. Whichever of these two situations apply to your particular case, it is highly likely that you are like many of today’s borrowers who are looking for the best and the most affordable mortgage rate. In this case, one of your best tools to obtain what you require is your negotiating skills and talents.

If you are an existing mortgage borrower, you should first find out the rate that your current lender is charging to new clients. If you have done everything that you can to be a loyal customer to your existing lender, you should use this to your advantage. Show your lender how great your track record is. One proof that you can use is your record of always making your payments on time. Use your negotiating prowess and ask them to reward you with the same introductory rate and offer.

Another method wherein you can apply your negotiating skills and talents is to let your existing lender know that you are in the market searching for better deals. You should call the lender’s customer service department and tell them of this. Depending on the contract that you have signed, your lender may either offer you a new blended or combination rate. This can be the combined rate of your existing home loan and a new loan. All in all, this may result in a reduced rate than the one that you are paying for right now.

As you can see, you also need to do your part when it comes to looking for and securing a the best mortgage deal. If you want to learn more, visit this link: https://apps.comparasave.com/mortgage-rates/best-mortgage-rates.

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