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

Mortgage Refinancing Loan Lessons

If you’re finding that it’s impossible to live with your current mortgage loan and are looking for the best refinance company for your next home loan, there are several things you need to know about the new marketplace.

        Following the mortgage meltdown, new rules are changing the way mortgages are being offered to borrowers. Here’s what to know about shopping for a loan today…


These new rules imposed on mortgage brokers by the Federal Reserve April 1st, 2011 prohibit them from charging you an origination fee and accept compensation from the lender (Yield Spread Premium) for marking up your interest rate. It has to be one or the other. One important thing to note about the new rules is that your bank is still exempt. Banks can go on happily charging whatever they want for home refinancing loans. If you want the lowest possible mortgage rate for your next home loan brokers are still the best way to go. You simply have to find the right person to arrange your home loan without overcharging the mortgage origination fee. You still have to worry about junk fees.

You can learn more about mortgage refinancing without overpaying by checking out my free Underground Mortgage Refinancing Videos.

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