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I Need to Find the Best Mortgage Rate

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If you’ve been thinking about mortgage refinance but want to avoid paying more than you need to there are steps you can take to make sure you’re getting the best deal. If you’ve been saying to yourself I need to find the best mortgage rate, that’s only half the story when it comes to mortgage refinancing. How good of a deal you’re getting on your mortgage refi actually depends on the fees you’re paying in the process; getting today’s best refinance rates is easy provided you have a decent credit score.

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Here’s an article from USNews.com to help you find the best mortgage rate:

Refinancing a mortgage today is a lot like navigating a minefield. One wrong step and your refinance gets blown to pieces. We just closed on a new loan for our primary residence and are in the process of refinancing a loan on an investment property.

Read More:

http://money.usnews.com/money/blogs/my-money/2011/07/07/how-to-be-a-mortgage-refinance-ninja

Once you think you’ve found the best mortgage rate it’s time to focus on fees. You’ll be required to pay closing costs that include a loan origination fee, (there are reasons for avoiding no cost refinance offers but that’s a subject for another day) and various lender fees. The trick is avoiding lender and broker junk fees and a common mortgage mistake made by many homeowners is failing to realize that the fees you pay on your mortgage refinance vary from one lender to the next and are negotiable.

Just because your lender wants to charge you a fee doesn’t mean you have to pay… you can negotiate for better terms, a lower refinance rate, and to pay less in fees at closing.

You can learn more about finding the best mortgage rate without paying unnecessary fees or markup by checking out my free Underground Mortgage Videos.

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