Is It Possible To Negotiate?

Your best bet would be to call Greg Denny who is a mortgage lender in the San Diego area. His rates and fees will blow away anything that BofA will offer you.His phone number is (800) 335-6897. Best of luck

Hi Mark,It really should not be an instance of having to haggle but more of comparing brokers and what the rates are. A properly structured loan should be in your best interest. Do you currently have a real estate agent and a property in mind?Best,Matt DavisPier West Capital888-PierWest(743-7937) X 701

Mark, if you "like to haggle," I can promise you won't find a GOOD loan officer who is going to have your best interests in mind, especially as a first time homebuyer; the loan officers who like to haggle with you will usually "win." As a first time home buyer, you should be looking for someone you trust to give you a fair deal, first; based on what you're saying your circumstances are, that fair deal will look pretty great anyway. A GOOD loan officer will expect to make a reasonable amount based on the work involved, and that's the only thing they'll quote you...maybe adjusting a few hundred dollars, at most, to accomodate you. If you want someone with the flexibility to "haggle," though, AND you want to end up with a great deal, a local mortgage broker is your best bet; brokers, especially now, have to be 100% transparent about all the money they expect to charge and make on your transaction, banks don't have to disclose their profit margins to you and they usually don't give the loan officer much pricing flexibility... and you'll get to see what wholesale rates actually look like; you'll find they're at least an 1/8 - 1/4% better than most retail banks, and probably closer to 1/2% better than any quote I've seen come through Bank of America retail outlets. Happy Hunting!

Mark, If there is room to haggle, that means they are not offering you the best deal right off the bat. I don't negotiate on rates as they are black and white. Everything has an associated cost and that's what you are charged. No junk, no extra fees, just what's necessary with a fair profit every time. Click on my profile to check my rates; they are accurate. Gregorio Denny --WeFixRates.Info--

On conforming loan amounts everyone has about the same rate. Maybe with a 0.125% spread. Learn what is involved. Then choose someone you are comfortable with. It's a lot more than rates and fees. Go to www.zillow.com Mortgage Advice and read some of the horror stories. .... Happy funding, Rudi