Are you considering mortgage refinancing but your spouse isn’t on board yet with your decision? Focusing on the benefits today’s low refinance mortgage rates from companies like Amerisave and Wells Fargo Refinance are the best way to get your spouse on board. Here are several tips from HSH.com to help get your point across:
You want to refinance your mortgage, but your spouse thinks that’s a bad idea. Or maybe your spouse says yea, and you’re the one who says nay. How can you reach an agreement on this important financial decision?
Remember that once your spouse is on board with mortgage refinancing you’ll want to avoid paying unnecessary markup and junk fees. Overpaying the mortgage loan origination fee or other closing cost can quickly negate any benefit you’re getting from mortgage refinancing by making it impossible to recoup your out-of-pocket expenses.
The test of how good of a deal you’re getting on your mortgage refi comes not from getting the lowest refinance rates, but paying the least amount at closing. One of the most common mortgage mistakes is neglecting your out-of-pocket fees by focusing only on getting the lowest refinance rates. All of the fees you find on your Good Faith Estimate are negotiable and will vary from one lender to the next. Invest a little of your time negotiating fees with prospective lenders and you can save yourself a lot of cash at closing.
You can learn more about getting today’s lowest refinance mortgage rates without paying unnecessary fees by checking out my free Underground Mortgage Videos.