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Can you renegotiate for better home loan rate?

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The interest rate banks charge on home loans has been thrust into the spotlight, as FNB comes under fire for racially discriminating against black homebuyers, charging them a higher rate.

If you’re one of those people who believe they’ve been charged an unreasonably higher rate, can you renegotiate the standing agreement with your bank?

In this edition of Personal Finance Tuesday, POWER Lunch host Aphelele Somi speaks to financial consumer educator Maya Fisher-French to find out whether this is at all possible.

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