I am scheduled to close on my first house in late August. I have to meet with the lender for the mortgage next week. Given the continuing housing slump can I negotiate an additional discount off the price of the house or more money from them towards my closing costs? I'm sure appraised values are down since December when I signed contracts.
Also, since I am going with builder lender for their incentives can I negotiate rates, points, etc or do I have to just take what they say I am eligible for?