Tips about refinancing your mortgage

By Guy Winsley

If you've been thinking about refinancing your mortgage, these low interest days may be the ideal time to take the plunge. The decision to refinance your mortgage can save you a lot of money if done the right way. Always contact your current lender when considering a refinance, to get to know the correct way to do a refinance. Check out this article for a few solid mortgage refinance tips.

Always do your research on interest rates and terms when considering a refinance. You will see that there are many ways to get better terms on your mortgage refinance.

The cleaner and better your credit score is, the better the terms you will get for your mortgage refinance. A good, solid credit score helps keep interest rates low. A good credit score signifies to a lender that you're a person that pays the bills, pays them on time and takes credit responsibilities serious.

Always make sure to ask multiple lenders for a comparison of quotes and rates. Many times, when a lender realizes he is not the only one you're asking for a quote, you will get a better offer than usual. Be sure to get a complete quote, with all the lender fees included.

When considering a mortgage refinance, consider loan amount, payment options and interest rates. You can go online and compare rates and terms in a very short time period. Many lenders advertise online and make it easy for you to compare rates.

A solid mortgage company can be worth it's weight in gold when you have mortgage questions. In these days of crumbling banks and unstable companies, make sure that your lender has a good reputation.

About the Author:

Guy writes mortgage articles in English, she also writes articles about rente hypotheek and aflossingsvrije hypotheken in Dutch.