The Reverse Review | Daily Reverse Mortgage News | How Reverse Mortgages Can Prevent Financial Exploitation of the Elderly

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The Reverse Review | Daily Reverse Mortgage News | How Reverse Mortgages Can Prevent Financial Exploitation of the Elderly

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3 Tips for Negotiating a Lower Mortgage Interest Rate

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If you're shopping for a mortgage, you're probably hoping to get the best interest rate possible. Getting the best mortgage interest rate requires a little bit of work on your part. Check out these tips for negotiating a lower rate for your mortgage interest. Do Some Shopping You wouldn't settle on the first price thrown at you for a car would you? Don't settle on the first mortgage rate you are given. Shop around for quotes from other banks and credit unions. You might even want to contact a mortgage broker for a quote. Once you have these in hand, you are in a better position to negotiate to get the best rate possible. Know Your Stuff Don't approach a mortgage without knowing what you're doing.
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