Mortgage refinancing can be a stressful time for many families. You can head off potential problems and reduce your stress by doing your homework and researching mortgage lenders before you apply. Here are several tips to help save you money and future headaches when mortgage refinancing.
I. Check Your Credit First
Before applying for mortgage refinancing it is important to take stock of your credit history. Request copies of your credit reports from each of the three credit reporting agencies and carefully review your records for errors. It is important to request all there credit reports because the credit agencies to not share this information; if you only request an Equifax report you may never know about the mistakes in your Trans Union report that are damaging your credit score.
II. Get Your Mortgage Refinancing Guaranteed in Writing
Any negotiating you do with your loan representative is meaningless until you get it writing. This includes your interest rate guarantee, any points you will pay along with the terms you've negotiated with your loan representative. What terms should you concern yourself with when mortgage refinancing? Avoiding Yield Spread Premium needs to be your number one priority for the new greeneasylife.com mortgage loan. Yield Spread Premium is the retail markup of your mortgage rate by your mortgage company and paying that markup can result in thousands of dollars of unnecessary mortgage interest each year. How can you avoid Yield Spread Premium? Register for a free, six part video tutorial and you'll learn strategies for mortgage refinancing without this unnecessary markup of your interest rate.
III. Comparison Shop Using The Good Faith Estimate When Mortgage Refinancing
When shopping for the best mortgage refinancing offer, relying on the Annual Percentage Rate to choose the greeneasylife.com best loan does not give you enough information to make an informed decision. Requesting a copy of the Good Faith Estimate from each Mortgage Company or broker you consider allows you to perform a line-by-line comparison of all fees, terms, and mortgage rates.
You can learn more about your refinancing options, including costly mistakes to avoid with a free, six-part video tutorial.
To get your FREE six-part Mortgage Refinancing Tutorial, visit RefiAdvisor.com using the link below.
Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this free video tutorial: "refiadvisor.com Mortgage Refinancing - What You Need to Know," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com.
Claim your free mortgage refinancing tutorial today at: refiadvisor.com refiadvisor.com
refiadvisor.com/pblog Home Mortgage Refinancing
No comments:
Post a Comment