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Got a Home Loan in Virginia?
Get Low Refinance Rates From Just 2.12%.

Mortgage Refinance Rates Drop Below 4 Percent

Not everyone will qualify for three percent refinance rates; however, if you have pristine credit and suitable equity in your home now is the time to get on the mortgage refinancing bandwagon. According to the LA Times our terrible economy and the debt fiasco in Washington has contributed to mortgage rates falling again. If you decide to jump in and try to qualify for a sub 4 percent home loan, you’ll need to find the right mortgage broker to get this rate for you.

Here’s the article from the LA Times with tips on how to qualify for this unbelievable mortgage refinance rate:

Would a 30-year fixed-rate mortgage for less than 4% make you think about refinancing or even buying a home in today’s battered housing markets? Home loans at that seemingly hallucinatory rate were out there this week, mortgage industry insiders said Tuesday — at least for those few gold-plated borrowers willing to fork over king-size upfront discount points and origination fees.

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You don’t have to fork over discount points or pay an exuberant origination fee to qualify for today’s best refinance rates. While it’s true that your credit score determines how low your refinance mortgage rates will be it is the fees you pay for loan origination and closing that decide how good of a deal you’re getting on your home loan.

One common mortgage mistake made by many homeowners is failing to negotiate fees when refinancing. Did you know that all the lender fees and the loan origination fee are negotiable and vary from one lender and broker to the next? Doing a little haggling when shopping for your home loan could literally save you a thousand dollars or more at closing. That’s cash in your pocket and you’ll have a lower mortgage payment to show for it.

You can learn more about paying less for your next mortgage refinance while avoiding lender junk fees by checking out my free Underground Mortgage Videos.

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