It may be interesting for you to shop and negotiate loan or credit line conditions with a few different financial institutions.
On your mortgage, for example, a difference of only 1% will save you tens of thousands of dollars in interest before you finish paying your home.
Consult Several Institutions
Avoid being lazy and get information elsewhere. At worst, negotiate with your regular institution to obtain the best possible terms afterwards.
A Price to Loyalty
We often tend to be faithful and loyal to our financial institution. Don’t forget that your favorite institution wants above all else to make the most profit possible.
Room for Negotiation
Also remember that bank agents always have some negotiating room that you can take advantage of. They’re waiting for you to simply ask!