Rate Shopping - How do you do it?
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DKF1016
"I got the Sugar" ..:)
Member since 5/05 1252 total posts
Name: Gonnacatchapeacock
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Rate Shopping - How do you do it?
Basically, if bank A says we'll offer you (all aspects equal) this loan at 5.85% and another bank you want to use (because they'll overlook CO's or something) says they'll give you 6%..how can you ask them to be competitive and say Bank A is giving me 5.85% -- will they ask for proof? Will they take your word for it?
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Posted 5/30/05 11:14 PM |
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dengal
Dad of Twins
Member since 5/05 1385 total posts
Name: The 80's Man Let's Go Mets!
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Re: Rate Shopping - How do you do it?
Just tell them the rate you want to do business with the,. If not, tell them you'll go somewhere else. It's sort of like buying a car - if they see you are willing to walk away, they'll try to work with you.
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Posted 5/31/05 11:28 AM |
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jea128
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Member since 5/05 3415 total posts
Name:
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Re: Rate Shopping - How do you do it?
WE basically told our bank this is what Bank B will offer us, can you be competitive...if not, we'll have to use someone else. They beat the rate I was asking for and we are getting 4.75%
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Posted 5/31/05 3:05 PM |
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