Negotiating mortgage rate? Amount?

[Jonathan H.]

Hi guys,

I am looking to do my first property purchase within the next 3 months but have a few questions about the mortgage rate and amounts.

Im just curious to know how to negotiate these?

Example:
If I want to purchase a 4plex that I will live in, my salary is $100K

-will there be a max amount that I can borrow? Will it vary from lender to lender?

-Can you negotiate the interest rate? If so, how?

-What if I change my mind and want to purchase as an investment (6-8 units) will my loan still be valid with a larger amount down?

Just hoping to start a discussion for newbies about mortgages and hopefully it can help others at the same time.

thanks