Aborrower negotiating the terms of a mortgage with a lender or mortgage broker is in what economists call a "bilateral bargaining process." Only two parties are involved, and the terms arrived at depend in part on their respective bargaining power. -
Harness Your Bargaining Power
Aborrower negotiating the terms of a mortgage with a lender or mortgage broker is in what economists call a "bilateral bargaining process." Only two parties are involved, and the terms arrived at depend in part on their respective bargaining power.-
By Jack Guttentag