The family buying a house in the article linked below was able to increase their chances of getting the lowest interest rate available and lowering their closing costs by just simply emailing the other lenders they applied with and asking them if they could beat the lowest rate they were offered:
“We took the lowest rate offer and emailed it to the other four lenders with a note asking if they could beat the rate and closing costs, and urging them to send an updated loan estimate that day. Within a few hours, our preferred lender matched the 3% lowest rate and waived one of its closing cost fees. Some homebuyers have no idea closing costs are negotiable, but the loan estimate helps you here because it notes which services you can shop around for, like title insurance. You also can ask a lender to match a rival’s closing costs.”
https://moneywise.com/a/how-we-negotiated-a-275-mortgage-rate-and-you-can-too
The two times I purchased I home, I never used this approach, but if I refinance soon I’m definitely going to try this.
Note: It’s not my family in the article, I just photo-shopped myself in the article’s picture because I like to pretend I can dress that nice and grow a beard. Also had to photoshop my wife into the pic because I don’t want any problems later. 😉
Come on now M.E.! Bring me to the table.
No doubt man, next house or car I buy I need to have you there cause you know how to get theeee best deals!