Are mortgage interest rates negotiable?
Your mortgage interest rate is not going to be negotiable with your current lender because they calculate based on your characteristics but you should be able to get the lenders to “compete” through brokerage services (like LendingTree) or comparison shopping (which is basically what places like LendingTree does anyway). What is on a mortgage gift letter? I used the following mortgage gift letter when I applied for my mortgage and it was accepted by the lender. The major components that the lender looks for are: who is giving who money, that it is a gift, and that there is no expectation that the gift will be repaid. Should I use home equity to pay off credit card debt? I just wrote an article on this exact topic a few days ago because of a NYTimes article about folks losing their home because they can’t make the payments after a refinance. When you shift the loan from an unsecured credit card or a car note, you risk your home if you can’t make the payments. If you can’t make the payme
