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Last Updated: May 14th, 2012 - 22:24:01 |
When considering purchasing a house, try and get copies of the seller's original appraisal and other forms he has on the property.
This information can help in your buying and selling process.
As interest rates keep falling, people continue to refinance. This can be a costly loss of business to the banks who lose the loan to a lower priced competitor.
Lenders want to keep your business. They spend millions of dollars marketing to get new business.
With this in mind, wouldn't they forfeit some money to keep your business? The answer is often yes.
Contact your lender and let them know you are going to refinance with another lender because their rate is so much lower. It's not unheard of for your lender to lower your rate without any fees just to keep your business.
That's quite a savings especially when you consider the fees you won't have to pay.
If you have several properties with loans with the same lender this technique is even more powerful because the lender has more to lose and you have so much more to gain.
Also learn...
http://buyincomeproperties.com/ShortSales.htm
About The Author...
Mark Walters is a third generation investor, author,
speaker and publisher.
Mark Walters has written
"The Million Dollar Foreclosure System".
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