If you’re in the market for a mortgage refi on your existing home loan interest rates are near a 50-year low. Getting low rates isn’t hard if you can qualify for your mortgage refi; however, the fees you pay at closing actually determine how good of a deal you’re getting. Check out this article from MortgageLoan.com with four tips on reducing your mortgage refi closing costs:
Closing costs don’t have to be an expensive obstacle standing between you and your new home. Closing costs can be a great hidden unknown when you are navigating the home buying process. Poor planning and inadequate negotiating can mean adding thousands of dollars in upfront costs to your final bill.
The reason closing costs are so important is that you’ll have to recoup these expenses before realizing any benefit from today’s best refinance rates. The more you pay, especially in lender junk fees, the longer it’s going to take to recoup your closing costs. You’ll break even much more quickly by negotiating and shopping around before your mortgage refi. One of the most common mortgage mistakes is neglecting to negotiate fees.
You can learn more about paying less at closing on your mortgage refi by checking out my free Underground Mortgage Videos.