12 ways to save on your mortgage, even with higher interest rates

We talked to real estate agents, investors, and mortgage professionals  to gather their tricks of the trade for lowering mortgage costs when  interest rates are high.

Dan Green suggests that buyers start early with a formal pre-approval to see what  type of loan they can qualify for with their current credit score and  financial picture.

Start reviewing your finances well in advance

Seller concessions are when the home seller agrees to take a portion of the proceeds and pay for your closing costs.

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Take advantage of seller concessions

Often, real estate agents are willing to offer buyers a portion of their commission as a  rebate, applied to what you owe at closing.

Ask if your real estate agent offers a commission rebate

Realize that the lender with the best mortgage rates today may not be  the lender with the best mortgage rates six months from now.

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Talk to multiple lenders, but don’t choose one right away


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