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What's a good approach to refinance home mortgage?
By
Danforth D
Posted on
01/01/08 Total Answers
4
Answers-
Shop around for your best rates.Some companies may offer you an even lower rate if your credit history is good.Also shop for one with no fees on refinancing. Theyre out there, you just have to look.
Answer by :
blue On Date
2008-01-01 01:22:55
Talk to a loan officer at a bank or a mortgage broker. A refinance is exactly like an initial mortgage purchase. The paperwork is identical, the fees are identical, everything. Shop around to find the best rates in your local area.
Warning: DO NOT TRUST ONLINE BROKERS. They will be willing to offer you anything and then some to sign on with them. However, if they are located in a different state, there will be an assortment of fees that they will probably not tell you about until you agree to refinance using them. You may get a 1/4 of a point knocked off your interest rate only to pay 2 - 3 points in fees up front for dealing with out of state providers and other such silly nonsense. As far as I'm concerned, they're virtually all con-artists looking to take you for whatever they can.
Of course, I'm biased ;-)
Answer by :
Nave On Date
2008-01-01 01:24:57
Shop around and deal directly with a reputable lender - not a mortgage broker.
Answer by :
engineer50 On Date
2008-01-01 06:42:47
The best approach is to take your time. Don't be too hasty in making decisions. You should shop for a refinance home mortgage with as much dedication as you shop for shoes. Start your research here: http://www.whataboutloans.com/mortgage/mortgage-refinance-loans.html.
