Quote:
Originally Posted by topfiverecords
We have just been pre-approved for a mortgage and have a 120 rate hold. I'm wondering if I should be negotiating now to ask for a better rate, or wait until we've put an offer on something and are closer to a closing date?
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I always tell my clients to get full preapproval before making an offer an a house. Have everything set up the way you want it, so that when it comes time to making an offer, the financing condition is minimal because it will only depend on the condition of the house. If you are expecting to be purchasing within the 120 days, then get the exact rate that you want. Just makes it easier for you and the lender