AgentMortgage

When shopping for mortgage, know how to bargain

Avoid two main games lenders play to boost profits
Published on Sep 8, 2008

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by CareyBot

A consumer negotiating the terms of a mortgage with a lender or mortgage broker (henceforth "loan provider") is in what economists term a "bilateral bargaining process." Only two parties are involved, and the terms arrived at depend in part on their respective bargaining power.

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