“Never accept a first offer, and always ask for better terms. Negotiate or be eaten alive! If you receive a better deal from lender A, always go back to lender B and see if they can match it … Mortgages are designed to be haggled over, and not to do so is the equivalent of burning money in the street.”Why mortgages are for haggling After working with banks all these years, I have learned one important thing about them. Banks are most approachable and helpful when they want you to borrow ......
The following article is an excerpt from my book No B.S. Guide to Property Investment – currently No. 2 in Kinokuniya Monthly Bestsellers (Finance & Investment) and No. 10 in Times Bookstore Non-Fiction Weekly Bestsellers as of last week.
Donald Trump has this to say about mortgages in his book Trump: Think Like a Billionaire: