Mortgage Rate Negotiation Letter
June 5, 2050
Mortgage Loan Officer
Castorias Mortgage Corporation
456 Oak Avenue
Newark, NJ 07101
Subject: Request for Mortgage Rate Review
Dear Mortgage Loan Officer,
I hope this message finds you well. I am writing to discuss the terms of my current mortgage (Account Number: 987654321) and explore the possibility of securing a lower interest rate to better align with current market trends.
At present, my mortgage carries an interest rate of 4.5%. I have observed that comparable lenders are offering rates as low as 3.25%. Given these conditions, I would like to request a review of my mortgage terms to explore refinancing or rate adjustment options. A reduced interest rate would not only ease my financial commitments but also reaffirm my confidence in continuing our positive relationship.
I have been consistently meeting my payment obligations and value the professional service I’ve received from your institution. I am confident we can work together to identify an option that benefits both parties, reflecting the competitive rates available in today’s market.
Please let me know a convenient time to discuss this further, or feel free to contact me directly. I appreciate your time and attention and look forward to your response.
Sincerely,
[Your Name]
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