If you’re like six million other Americans looking to take advantage of the lowest refinance mortgage rates in sixty years, now is the time. The question of how good of a deal you’re getting isn’t about how low the new interest rate is, but how much you’re paying at closing. Here are five helpful tips from HSH.com about lowering your closing costs when refinancing with the best mortgage lenders like Amerisave:
You don’t have to face sticker shock when you’re signing on the dotted line for your next mortgage loan. Here are five tips to help you avoid junk fees and erroneous closing costs so you can sail through closing with the least amount of anxiety — all while getting the best mortgage deal possible.
Avoiding lender junk fees will not only save you cash at closing but increase the benefit you’re getting from mortgage refinancing. The less you pay at closing the faster you’re going reach the break-even point recouping lender fees.
Remember government fees aren’t going away…you have to pay them just like most escrow fees. Lender and third-party fees are negotiable and you don’t always have to pay them. Don’t be afraid to ask to have those “application,” or “processing” fees removed from your transaction. Take the Fox Mulder approach to mortgage refinancing and question everything. Administrative and processing fees are pure garbage that can be avoided when closing on your new home loan.
You can learn more about getting today’s lowest refinance rates without paying lender junk fees or markup by checking out my free Underground Mortgage Videos.
It’s interesting that lender fees are negotiable and don’t have to pay them. My brother is wanting to buy his first home and is wondering what kind of mortgage to get. I’ll share this with him so he can know of any fees that come with it.