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Home Mortgage Refinance Loan - Costly Mistakes You Need to Avoid When Mortgage Refinancing
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By Louie Latour

Mortgage refinancing has the potential to save you money if you avoid overpaying for your new loan. Mortgage companies and brokers are in the business to make money at your expense; they have clever ways of disguising fees and markup to boost their revenues. Here are several tips to help you avoid paying unnecessary fees and interest rate markup when mortgage refinancing.

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Mortgage Refinancing Mistake #1: Not Checking Your Credit First

You get free credit reports once per year from all three credit agencies; take advantage of this and check your credit records for errors before shopping for a new home mortgage refinance loan. Having mistakes or negative information such as bad debt or judgments in your credit report will kill your credit score. Your credit score largely determines the interest rate you will qualify and you need your score to be as high as possible. Dispute any errors found in your credit reports and settle with your creditors to remove any negative information. The money you

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This entry was posted on Tuesday, December 19th, 2006 at 7:24 pm and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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