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At the risk of appearing to hold a conversation with myself, I just thought of another reason to stay away from the builder's inhouse lender (ouch...typed it before I realized how bad a pun that is)

ANYway, Let's say we want to buy a lot and house from a builder. We're Foolish, so even though we could get a whopping mortgage, we'd rather have an affordable mortgage.

But what happens if we're trying to negotiate with the builder to get a good price, but he knows from an interoffice memo that we're pre-approved well beyond his high price? Wouldn't he be even less likely to give us a price break?

This happens in car dealerships all the time...why not subdivisions?

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