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

Mortgage Refinancing Opportunities Abound

If you’re considering mortgage refinancing but haven’t because of your concerns about the economy, now is the best time for your mortgage refi. Interest rates are at near 50-year lows and as long as you pay attention to the fees you can save a lot of money by refinancing. Check out this article on HSH.com when weighing the pros and cons of mortgage refinancing:

If the economy has kept you from refinancing, consider doing it now before you miss the boat. This past year, you’ve probably heard a lot of talk about mortgage refinancing. Historically low rates have helped many homeowners to refinance and get on top of their finances with lower monthly payments and better terms.


Once you’ve decide to go forward with mortgage refinancing it’s important to pay close attention to the fees you’re paying to get your new home loan. One of the most common mortgage mistakes when it comes to refinancing is overpaying the loan origination fee.

Yield Spread Premium is a fee lenders pay brokers for locking and closing home loans with a higher than necessary mortgage rate.
Recent changes by the government change the way brokers get paid for originating your home loan and you can now only be charged the origination fee or accept a higher interest rate for lender paid Yield Spread Premium, but not both.

There are other junk fees you’ll need to avoid on your mortgage refi including application fees, rate lock fees, broker courier fees, and a virtual smorgasbord of unnecessary fees. The more you pay at closing the longer it will take to recoup your expenses before gaining any benefit from your new home loan.

You can learn more about getting the best refinance rates without unnecessary markup or junk fees by checking out my free Underground Mortgage Videos.

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