Another Mortgage Question

[riloh05]

Buying a new home to be built. If we use their lender we get 10k towards upgrades/closing costs- however we want to use it. Can we use another mortgage guy and get the same 10k. Why do I need to use their lender? What other negotiating tools do I have? What questions do I need to ask? Thanks for the help

 

[madscientist]

the builder owns their own mortgage company so they want to steer you towards their lender for more profit, and more control over the transaction. same with title agent.

You could try telling them that if they don't give you that deal with the lender of your choosing that you will walk and see what they do. that 10K is already built into the price so you better get it one way or the other or you will be seriously overpaying for the home.