My wife and I might be house hunting in the near future and I'd like some unbiased info on what maneuvers and tricks can be used to get the lowest rates. When we bought our current home we approached 3 banks that all promised to get us the lowest rate, but eventually all 3 had different rates. Two were very close and with differing origination fees and the like, the math worked out to only being a $400 difference over the life of the loan between the two. All 3 had emphatically promised to get the lowest rate, but ultimately their first offer was the lowest they could go (our credit score at the time was 800 and we were getting a modest house relative to our income). So generally what tricks and tactics can they pull if any? Or are they just going to put our info in a computer and tell us the number that shows up on the screen with no room to budge?
Edit: I should add I will absolutely be considering Credit Unions in this search. I just used the term "bank" more generically (though I only went to banks for our first home).
Submitted May 09, 2019 at 08:18AM by mywork9742 http://bit.ly/2H7Pjbo
