Refinancing Home Mortgage, Avoid the Traps, Get Expert Advice » Refinancing Mortgage Rate

30 Year Mortgage Rates

Robert — Thu, 17 Apr 2008 20:43:46 +0000

If you are in the process of refinancing your home and are searching for information about mortgage rates there are several things you need to know about the rate quotes you receive. Most homeowners don’t realize that 90% of the rate quotes they receive from mortgage brokers and on the Internet include commission based markup included to make someone money from your loan. Understanding mortgage quotes and learning to recognize this markup will help you avoid paying too much for your next mortgage loan.

Today’s 30 Year Fixed Rate

The 30 year fixed mortgage rate has been creeping up slightly to 6.0%. This rate does include Yield Spread Premium which is intended to give a commission to the person arranging your loan. Yield Spread Premium by itself is not necessarily a bad thing; only when it is abused could you wind up paying hundreds of dollars a month unnecessarily.

What is Yield Spread Premium?

Yield Spread Premium is a percentage of your loan amount created when the mortgage company or broker arranging your loan locks and closes with a higher than market interest rate. Suppose your lender approves you for a mortgage rate of 6.0% but the broker closes you at a higher rate of 6.5%. This creates .5% of Yield Spread Premium and brings the broker a commission of 2% of your loan amount. Did your mortgage broker overcharge you? It depends on how your loan was structured and whether or not the broker told you they were marking up your mortgage rate.

Mortgage Broker Compensation

Brokers are compensated in two ways. They can charge you an origination fee for their part in arranging your loan or receive compensation from the lender with Yield Spread Premium. If the broker is charging you an origination fee for their services a reasonable fee to pay is 1-1.5% of your loan amount. Mortgage brokers typically receive one percent of your loan amount for every .25% your loan closes about the interest rate offered by the lender. If this is paid in lieu of an origination fee or used to pay your closing costs Yield Spread Premium can be a good thing; however, it is often abused when the broker charges you an origination fee and pockets Yield Spread Premium without your knowledge.

You can learn more about refinancing your home loan without paying too much in broker fees including ways to recognize and avoid lender junk fees by registering for my free video tutorial.

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The Hidden Cost Of Mortgage Points When Refinancing

Robert — Wed, 16 Apr 2008 00:17:57 +0000

Points are one of the most misunderstood aspects of mortgage loans.

In the simplest definition mortgage points are a percentage of your loan amount due at closing for one of two possible reasons.

Here are the basics you need to know about mortgage points and how you can decide if paying them is worthwhile when refinancing your home mortgage loan.

Types of Mortgage Points

Mortgage points come in two flavors. One point is equal to one percent of your mortgage amount and is the fee you’ll be required to pay at closing. There are the discount points you pay to the lender in exchange for a lower mortgage rate and the origination points you pay to the broker for their part in arranging your loan. Brokers and lenders do not always require that points be paid; however, some lenders hide their point requirements in the fine print hoping to distract you with an unnaturally low mortgage rate.

If you don’t agree to pay the points required for that low mortgage rate you’ll find the actual interest rate is often much higher than the going market rate. This is a common bait and switch tactic used by mortgage lenders to boost their profits. Fortunately once you understand how points work this is an easy scam to avoid.

Should You Pay Mortgage Points?

Deciding whether or not paying points to the lender is in your best interest depends on how long it will take you to recoup the expense based on the lower monthly payment you are getting. We’ve all seen the commercials on television promising insanely low rates with a lot of very small print flashed up on your screen. If you pause the commercial and squint you can just make out that this lender requires two points at closing to qualify for this low rate. Does it make sense to pay the fee?

You can easily determine this with a simple mortgage payment calculator. First compare the lower payment with points to the higher payment without points. The difference between the two payments is your monthly savings. Suppose you were refinancing a $200,000 loan with this lender. Two points would amount to $2,000 due at closing. If the monthly payment is $35 lower it will take you almost five years to recoup this expense. If you plan on staying in your home for the long term paying points can be beneficial; however, if you sell your home before this you’ll be losing money by paying points.

What About Origination Points?

Mortgage brokers often charge origination points for their part in arranging your loan. Not every mortgage charges origination points as brokers can receive compensation from the lender behind your loan. If your broker is charging you a fee for arranging your loan a reasonable fee to pay is 1-1.5% of your loan amount.

You can learn more about your mortgage refinancing options including costly mistakes to avoid by registering for my free video tutorial.

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Mortgage Rate Refinancing

Robert — Thu, 28 Feb 2008 23:53:21 +0000

If you’re considering refinancing your home loan, finding the best lender is probably at the top of your to-do list for the loan. Finding the best lender will help you get the lowest mortgage rate refinancing your loan. Here are several tips to help you get the best mortgage rate refinancing your home without paying commission based markup or junk fees.

Avoiding Commission Based Markup

If your goal for the new home loan is to get the lowest rate possible you’ll need to get a wholesale mortgage rate. The only way to get a wholesale mortgage rate is to find the right mortgage broker who is willing to give you access to wholesale rates for a reasonable fee. How do wholesale rates work? Only mortgage brokers have access to these rates; you’ll never get wholesale from bank, credit union, or broker bank.

The problem with using a mortgage broker to refinance your mortgage is that most brokers rely on commission based markup of your interest rate as a source of income. You’re already paying a perfectly reasonable origination fee for their services; why accept a higher mortgage rate just to give your mortgage broker a commission?

This commission based markup of your mortgage rate refinancing is called Yield Spread Premium and you’ll need to avoid this markup to get the lowest possible rate.

How do you get the best mortgage rate refinancing your home? Find a mortgage broker willing to work for a one percent origination fee without tacking Yield Spread Premium to your loan. These people are out there…they are typically self-employed mortgage brokers that run their own businesses without staff or posh offices. The key is to find a mortgage broker that doesn’t employ a sales staff. These brokers always split their commissions with their salespeople are will not typically negotiate over Yield Spread Premium. The same is true of a large brokerage house…the owner is always going to want their cut.

You can start your search by checking the website of the Upfront Mortgage Broker Association. (upfrontmortgagebrokers.org) Their website lists their members by Sate and all of the brokers agree to run their businesses by certain professional and ethical standards. When you contact these brokers ask them how long they’ve been originating loans. You’re looking for ten years or longer and someone that is the owner of their business. Make sure they close your loan in the name of the wholesale lender and not their own company. Brokers that close in their own companies name fund their own loans and are not required to disclose their profit margin or markup under the Real Estate Settlement Procedures Act. This is the same reason you should never refinance your home loan with a Bank or Credit Union.

When addressing Yield Spread Premium, make sure your broker will not include this in your loan and is willing to show you the rate lock confirmation from the wholesale lender. This document provided by the lender is proof that your broker is not receiving Yield Spread Premium for marking up your rate. If the broker is unwilling to provide you this document he or she is hiding the fact that Yield Spread Premium is a part of your loan and cannot be trusted. You can learn more about getting the best mortgage rate refinancing your home and expensive pitfalls to avoid by registering for my free video tutorial.

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Your Ideal Refinancing Mortgage Rate

Understanding Mortgage Rate Quotes

Robert — Tue, 04 Dec 2007 00:04:49 +0000

The mortgage quotes you receive when shopping for a new lender do not give you the actual interest rate you qualify when refinancing. The rate quotes you get are “retail” mortgage quotes that include unnecessary commission based markup. Here are several tips to help you understand how mortgage rates are quoted so you can refinance with the actual mortgage rate you qualify.

Mortgage Yield Spread Premium

The commission based markup of your mortgage rate is called Yield Spread Premium and you can avoid paying it by understanding mortgage quotes and learning how to read lender rate sheets. In order to understand how commission based markup works it is helpful to understand how mortgage brokers and other loan originators are compensated.

Mortgage Broker Compensation

Mortgage brokers are compensated for their work from two sources. You will be required to pay the broker a fee for their part in arranging your loan. This fee is commonly called an origination fee or origination points and should not be more than one percent of the amount you are refinancing. The second method is the so called “lender paid compensation,” or Yield Spread Premium. This fee is paid by the lender as an incentive for overcharging you. For every .25 percent your broker inflates your mortgage rate they receive one percent of your loan amount in lender paid compensation.

Why do lenders reward mortgage brokers for overcharging you? The majority of profit for a lender comes from selling mortgage loans to investors on the secondary market. Mortgage loans with above market interest rates bring premium profits for the lenders and this is why your broker is rewarded for overcharging you.

How Mortgage Rates Are Quoted

Every wholesale lender publishes their rate sheets by fax or online each day. Mortgage brokers use these rate sheets to quote you a rate; however, the quote you get is not based on your credit or financial details as you might expect. Your mortgage quote is based on how much the broker thinks you’re willing to pay in addition to the mortgage rate you qualified. Just like a used car salesman your mortgage broker quotes you an interest rate with their commission check in mind.

How to Avoid Yield Spread Premium

Most homeowners unknowingly agree to retail mortgage rates without knowing their broker marked up the interest rate. This amounts to paying thousands of dollars unnecessarily over the lifetime of the loan. Yield Spread Premium is a completely unnecessary fee because you are already paying a perfectly reasonable origination fee for your mortgage broker’s services. Homeowners who learn to recognize this markup can find honest mortgage brokers and negotiate to avoid paying it. This is much easier than it sounds and you can save yourself thousands of dollars refinancing with a wholesale mortgage rate.

How to Recognize Yield Spread Premium

Many mortgage brokers become defensive when asked about Yield Spread Premium. If your broker gets angry or tells you not to worry about the fee because it’s being paid by the lender you are probably dealing with a dishonest person. Tell your prospective mortgage brokers that you understand how Yield Spread Premium works and will pay a reasonable fee for their services but will not accept loan offers with this “lender paid” compensation.

Ask your mortgage broker to show you the rate sheet from the wholesale lender on the day you lock in your rate. Make sure the rate sheet comes from the lender and is not something typed up on the mortgage broker’s letterhead. If the broker refuses to show you the rate sheet or makes excuses this person is not being honest with you; find another mortgage broker that will be.

You can learn more about your mortgage refinancing options, including costly pitfalls to avoid with a free mortgage DVD.

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Mortgage Secrets

Robert — Fri, 05 Oct 2007 23:14:39 +0000

If you’re in the market for a new mortgage loan there are several things you need to know in order to avoid paying too much. Many of these so called “secrets” are things your mortgage lender and broker don’t want you to now and certainly don’t want to talk about. Here are several of the so called industry “secrets” to help you avoid overpaying for your next mortgage loan.

Your Mortgage Broker’s Dirty Little Secrets

Mortgage brokers receive compensation for arranging your mortgage from two sources. Mortgage brokers charge you an origination fee for their services; this includes placing you with a lender, agreeing on loan terms and interest rates, and insuring the lender’s underwriter has all of the necessary loan documents and disclosure statements. A reasonable fee to pay for your mortgage broker’s services is one percent of your mortgage amount; however, many broker try and charge you as much as three and four percent.

What your broker isn’t telling you is that he or she is making money on the back end of your mortgage from the lender. Your broker marks up the interest rate you qualify for a commission from the wholesale lender. Wholesale lenders pay the broker a bonus for overcharging you because loans with above market mortgage rates bring them larger profits when your loan is sold on the secondary market.

For every .25% that your broker overcharges you on your mortgage rate the lender pays one percent of your mortgage in commission. Your broker will never tell you that they’re doing this; in fact, many brokers become defensive and even angry when questioned about Yield Spread Premium. Why wouldn’t they react angrily when Yield Spread Premium effectively doubles, even triples the compensation they receive for your loan. The problem is that while your broker may not lie to you directly, deception by omission is still a lie.

By accepting an above market mortgage rate that has been marked up by your mortgage broker you could be paying hundreds of dollars in unnecessary finance charges every month that you keep the loan.

You Can Avoid Paying Yield Spread Premium

Homeowners who understand how mortgage brokers are compensated can avoid this unnecessary markup of their mortgage rates and refinance with a wholesale interest rate. You can start by telling your mortgage broker that you understand how Yield Spread Premium works and will not accept any mortgage that includes this markup. Ask your mortgage broker to see the rate sheet from the wholesale lender and do not accept any rate sheet that appears on your mortgage broker’s letterhead.

Many brokers leave their markup off the Good Faith Estimate to make their loan offers seem more attractive. Your broker is required to list this markup on your HUD-1 statement but will try and disguise it. The Good Faith Estimate and HUD-1 statement look very similar and if Yield Spread Premium is part of your mortgage rate you will find it around lines 810-813 on these documents. You may see it called YSP, Yield Spread Premium, Premium paid to broker, or some variation but the fee will always be a percentage of your loan amount.

If you question your mortgage broker about this markup many will tell you not to worry about the fee because it’s not coming out of your pocket. The problem with Yield Spread Premium is not whose pocket this fee is coming from but the reason it’s being paid. Lenders reward brokers for overcharging you with your mortgage rate; if you accept a loan that includes Yield Spread Premium you’re paying more than you have to for your home loan.

Beware Mortgage Broker Junk Fees

There are a number of fees on your HUD-1 and Good Faith Estimate that are not charged by lenders but your broker will represent as lender fees. Take the lock fee for example. Your broker might charge you a fee for “locking in” your mortgage interest rate; however, wholesale lenders do not charge the broker a fee for locking in a mortgage rate. Other garbage fees your broker might try to pawn off on you include broker courier fees, application fees, and processing fees. If you find these fees on your Good Faith Estimate or HUD-1 statement you should confront your mortgage broker about these garbage fees.

You can learn more about your mortgage options, including costly mistakes to avoid when refinancing by registering for this free mortgage video tutorial.

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Refinancing Mortgage Rates

Robert — Thu, 04 Oct 2007 22:39:54 +0000

Rather than looking at the big picture when refinancing their mortgages many homeowners obsess over interest rates without fully understanding how mortgage rates work. This creates a number of problems when refinancing including paying unnecessary fees and markup of your mortgage rate. Here are several tips to demystify mortgage rates and help you find the best deal when refinancing your home.

There is nothing mystical about mortgage refinancing. You’re simply replacing your existing loan with a new mortgage. This loan could come from a different lender or with your current lender. If you like your current lender and have made all your payments on time you might wonder if calling up your lender and asking for a lower rate would save you the trouble of refinancing.

Unfortunately the answer is no because in order to refinance your mortgage you have to qualify for the mortgage all over again. If anything with your financial situation has changed since you purchased your home it could make the process more difficult. This includes any life altering event such as marriage, divorce, self-employment, running up your credit cards, or economic factors beyond your control like declining home values.

When you apply for mortgage refinancing the loan underwriter will evaluate your current financial situation prior to approving your loan and determining your mortgage rate just as was done when you purchased your home. Because you are going through the mortgage process again you will have to pay many of the same lender fees and closing costs as you did before. These are the expenses commonly overlook by homeowners obsessing over getting the best “mortgage interest rate.” These costs include credit reports, appraisals, loan processing, and retail markup of your mortgage interest rate.

No Cost Mortgage Myth

There is no such thing as a “no cost mortgage” and anyone who tells you different is selling you an above market interest rate. No cost refinancing is simply a marketing trick designed to distract your from paying too much for your mortgage rate. Lenders charge above market rates to boost their profits when your loan is sold on the secondary market. While it’s true that you won’t have to fork over cash at closing, you’ll pay much more in finance charges for the entire duration of your mortgage.

Watch Out For Yield Spread Premium

The unnecessary markup of your mortgage interest rate by the person originating your loan is called Yield Spread Premium. This markup serves no other purpose than to give this person a commission for overcharging you. Most brokers do not disclose their markup of your mortgage rate on the Good Faith Estimate and they all have clever ways of disguising the fee on the HUD-1 statement. How does Yield Spread Premium work? For every .25% you agree to overpay with your mortgage interest rate the wholesale lender pays your broker a commission of 1% of your mortgage amount.

Yield Spread Premium is paid in addition to any origination fees you’re responsible to pay and because this fee comes from the lender many brokers tell you not to worry about it because it’s not coming out of your pocket. The problem with this reasoning is not the fact that the fee is being paid but why the lender pays it in the first place. Yield Spread Premium is paid to your mortgage broker because you’re agreeing to pay an above market interest rate…not exactly a win-win situation.

How do you avoid Yield Spread Premium when refinancing your mortgage? Start by telling your mortgage broker that you understand how this markup works and will not accept any loan with it. Ask your mortgage broker to see the mortgage rate sheets from the wholesale lender and don’t be fooled by rate sheets on the broker’s letterhead. You can learn more about your mortgage refinancing options, including costly pitfalls to avoid by registering for this free video tutorial.

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Your Ideal Refinancing Mortgage Rate

Robert — Wed, 08 Aug 2007 18:24:54 +0000

If you’re a homeowner considering refinancing your home mortgage loan, one of your primary concerns for the new loan is the mortgage rate you receive. Many homeowners don’t understand how the interest rates they are quoted are determined or what they can do to improve that rate. Here are the basics you need to know about your refinancing mortgage rate and how you can get a wholesale mortgage rate when refinancing.

Your Ideal Refinancing Mortgage Rate Starts With a Wholesale Lender

Assuming that you will not be refinancing the mortgage with your bank due to loopholes in the Real Estate Settlement Procedures Act, the best refinancing mortgage rate deals are found with wholesale lenders. Because wholesale mortgage lenders don’t deal with the public directly you’ll need to use a mortgage broker to get your interest rate wholesale. Mortgage brokers are basically salespeople that resell mortgage loans for wholesale lenders. They do this for an origination fee paid by you and often a commission from the wholesale lender. The lender paid commission is a bonus for charging you an above market interest rate. Here’s an example of a typical brokered refinancing transaction that involves above market markup.

Kathy is an average suburban homeowner that has decided to find a new mortgage so she can borrow against equity in her home to pay off her credit card debts. She is concerned about her refinancing mortgage rate; however, here broker sold her on a thirty year fixed rate mortgage at 6.75%. Kathy thinks she’s getting a good deal and her broker is only charging her one percent for the origination fee on her $350,000 mortgage.

What Kathy doesn’t know is that the wholesale lender approved her for a refinancing mortgage rate of 6.25 percent and her broker marked the rate up for a commission on top of the 1.0% she’s already paying for the origination fee. The broker marked up her mortgage rate because the wholesale lender pays one point for every .25 percent she agrees to overpay. Remember that a point is one percent of the loan amount and in this example the broker pockets an additional 2% of ther mortgage amount for overcharging Kathy. The mortgage broker walks away with 3% of Kathy’s loan amount in commission and Kathy is stuck paying an above market interest rate.

Your Refinancing Mortgage Rate and YSP

What is YSP? Yield Spread Premium is the difference between the interest rate you qualified and the above market rate your loan closes with. Yield Spread Premium serves no purpose other than to give your mortgage broker a bonus for overcharging you. Fortunately, homeowners who learn to recognize this unnecessary markup of their refinancing mortgage rate can avoid paying it. When you’re shopping for a new mortgage loan once you understand how the broker marks up your mortgage rate you can negotiate for a broker that will work for a reasonable origination fee without marking up your refinancing mortgage rate.

You can learn more about refinancing your mortgage with a wholesale interest rate without paying too much with my free mortgage tutorial. Register today using the link at the top of this page; it’s free and there is no obligation whatsoever.

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Mortgage Rate Locks Can Be Broken

Robert — Mon, 16 Jul 2007 18:06:05 +0000

Mortgage rate locks are supposed to protect you from rising interest rates while your loan originator prepares the documents necessary to close on your loan. What happens when your mortgage rate lock breaks? Broken locks occur when you aren’t able to close before your designated lock period expires. Ones your lock breaks the wholesale lender that approved your loan is no longer obligated to honor the mortgage rate you were approved.

What happens with the lender when you haven’t closed when your lock expires? The broken lock creates a problem for everyone involved. It’s more work for the broker, although some will argue they don’t do enough to warrant their commissions, and the lender has a problem because they’ve earmarked funds for your loan. This money is referred to as “hedged” and is budgeted to fund your loan when you close. If you miss your deadline for closing the lender is out the money they paid to earmark the hedge for your loan. This is why your interest rate goes up when you break your lock.

Suppose you’re refinancing your mortgage at six percent and the broker locked your interest rate for thirty days. You miss the deadline for closing and mortgage interest rates have gone up to seven percent. Even if mortgage rates had dropped you’d still be stuck with the higher of the two rates at six percent if you pursue the loan. If you anticipate problems when refinancing your loan ask for a longer lock period…and stick to it.

What If You Haven’t Locked Yet?

If your loan originator hasn’t locked your mortgage rate you have what’s called a floating interest rate. This is the complete opposite of being locked and your rate will change with market conditions. If mortgage rates go down prior to locking you’ll get a better rate; however, there are no protections in place for you if mortgage rates go up. If you’re in the process of refinancing and haven’t locked in your interest rate in writing, you’re taking a gamble with your loan. For most people the gamble of a lower rate is not worth the risk; have your loan originator lock in your rate, in writing, as soon as possible.

How Soon Can You Lock Your Interest Rate?

When you’re refinancing your mortgage you can lock in the interest rate at any time. If you’re satisfied with the interest rate your mortgage broker quotes you and are certain that it does not include unnecessary markup, ask your broker to lock as soon as possible. Once you’ve locked in your best mortgage rate make sure you return all documents and requests for information in a timely manner to prevent breaking your lock.

You can learn more about refinancing your home loan without overpaying by registering for our free mortgage refinancing videos; get started today by clicking the links at the top of this page.

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Refinancing Mortgage Rate

Robert — Thu, 12 Jul 2007 19:24:14 +0000

Most homeowners focus solely on finding the lowest mortgage rate when refinancing their home loans. While qualifying for the lowest refinancing mortgage rate will get you a lower payment and save you money, there are a number of other fees you should not overlook. Here are several tips to help you get the best refinancing mortgage rate without overpaying lender junk fees.

If you are looking at refinancing mortgage rates online, you’ll want to be careful to avoid computerized loan origination fees. This fee is often tacked onto your loan by the mortgage website you visited to fill out a contact form. The most notorious example of the computerized loan origination fee gone wrong is Lending Tree.

When Lenders Compete, You Lose

Mortgage lead generation sites like lending tree actually have nothing to do with mortgage loans whatsoever. Surprising? These websites have huge advertising budgets and put up a flashy website to trick homeowners into filling out their contact forms without reading the fine print. Check out the fine print on Lending Tree’s website; you’ll find it under Licenses and Disclosures.

Read this disclosure statement carefully and you’ll find that Lending Tree receives a fee of up to $1,300 for their part in “arranging” your loan. Lending Tree simply sells your information to the highest bidder on it’s “network” of mortgage lenders and collects their fee. This is a fee that appears on your Good Faith Estimate and is paid out of your pocket just because you filled out a contact form on Lending Tree’s website. The bottom line when shopping for the lowest refinancing mortgage rate online is to always read the fine print.

Avoiding YSP Can Get You A Wholesale Mortgage Rate

Another problem with finding the best refinancing mortgage rate is that most homeowners don’t know their interest rate has been marked up to give the broker a commission. Mortgage loans are considered retail products and the interest rate is what makes your mortgage “retail.” When you were approved for your refinancing mortgage rate your loan originator was given a specific interest rate for your loan; however, this person overcharges you to get a bonus form that lender.

That’s right, for every quarter percent you agree to overpay for your refinancing mortgage rate, that person gets a bonus of one percent of your mortgage amount from the lender. This bonus is paid in addition to the fees you’re already paying for their services. How can you avoid this ridiculous markup of your refinancing mortgage rate?

The difference between the refinancing mortgage rate you were approved and the one you close with is called Yield Spread Premium or YSP. If you’re upfront with your mortgage broker when comparison shopping and tell them you understand how YSP works and will not tolerate this lender paid compensation, you can negotiate for a wholesale interest rate. You can learn more about finding the perfect refinancing mortgage rate without paying lender junk fees with our free mortgage toolkit. Sign up today by clicking the DVD image at the top of this page.

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Home Mortgage Refinance Loan Simplify The Application Process

Robert — Thu, 14 Dec 2006 02:05:23 +0000

If you are planning on taking out a home mortgage refinance loan there are steps you can take before applying to make sure the application process goes smoothly. Ensuring that there are no unforeseen delays in the closing process will prevent your rate lock from expiring before you close on the loan.

Organizing your home mortgage refinancing efforts will make life easier for everyone involved with your application. Here are several tips to help you prepare the necessary documentation before applying for your home mortgage refinance loan.

First, you will need a months worth of pay stubs from your job. If you are self-employed you need the last two years tax returns and the schedules you filed. Track down the w-2s from your employers going back two years. Your lender will use this information to document your income when approving your application.

Additionally, you will need the following documents:

• Two months of your most recent statements for bank and investment accounts.

• Your title insurance policy, homeowner’s policy, and the most recent statement from your lender with contact information.

• The payoff balance of your existing mortgage loan.

• The most recent survey and appraisal of your home.

Preparing for your home mortgage refinance loan before applying will make your life easier during the time it takes to get your loan approved and close on the mortgage.

You can learn more about your mortgage refinancing options, including costly mistakes to avoid by registering for my free mortgage refinancing video tutorial.

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