If you’re shopping for the lowest mortgage refinance rates locking or floating at the wrong time can cost you thousands of dollars. An experienced loan originator can help you get today’s lowest rates while avoiding common mortgage mistakes which is why it’s so important to find the right person to arrange your refi. Here’s an article on the Mortgage News Daily with some tips to make sure you’re getting the lowest possible refinance rates:
Rates are bouncing around near record lows set last October and consumers are looking to seize the opportunity. There’s always a rush by consumers and loan agents to lock rates on dips, and that practice is all the more prevalent when extreme daily rate swings raise the sense of urgency.
Other common mortgage mistakes include not negotiating fees or opting for no cost refinancing without considering how it increases your payments. Did you know that lender fees and closing costs are negotiable and vary from one lender and mortgage broker to the next? Find the right person to arrange your next home loan and you’ll not only get the lowest rates but avoid unnecessary fees.
You can learn more about getting the best refinance rates without paying junk fees or markup by checking out my free Underground Mortgage Videos.