Mortgage Refinancing Confidential – Tips to Help You Avoid Overpaying for Your Next Home Loan

mortgage refinancing can be an extremely confusing process for many homeowners. Learning the language and reading the fine print on your loan contract is not a task relished by many. Unfortunately, homeowners who neglect this important step in mortgage refinancing often fall for practices such as misleading rate quotes, deceptive marketing, and the bait and switch. Here are several tips to help you avoid overpaying when mortgage refinancing.

I’m not here to throw stones at mortgage companies; however, the majority of loan representatives and brokers today are only concerned will pulling in a six-figure salary. These people would sooner steal your grandmother’s Social Security check than help her. With that being said it’s up to you to outwit those that would take advantage of you when mortgage refinancing.

mortgage brokers and loan representatives close in excess of 80 to 100 loans per year. The average homeowner refinances their mortgage every five to seven years. mortgage companies and brokers are very good at what they do and have clever ways of disguising their junk fees and markup. Don’t make the mistake of relying on a mortgage broker to tell you what’s best for your financial situation. Doing your homework and carefully comparing loan offers from a variety of mortgage companies and brokers will ensure that you don’t settle for a good mortgage, but find the perfect mortgage for your situation.

When doing your homework, keep in mind that there is a lot of bad advice on the Internet, advice that can cost you thousands of dollars. Several examples of bad advice that you’re likely to encounter include:

+ Only refinance your mortgage if you qualify for a mortgage rate two percent lower than you’re currently paying.

+ If you have a low credit score (620 and below), you will have to refinance your mortgage with a sub-prime mortgage lender.

+ The government controls the mortgage interest rate you qualify for when mortgage refinancing.

+ You can’t refinance your mortgage loan with a bankruptcy until a certain amount of time has passed (anywhere from two to seven years).

Arm yourself with good information when mortgage refinancing and you will avoid 90% of the costly mistakes homeowners make. You can learn more about your mortgage refinancing options, including costly mistakes to avoid with a free, six-part video tutorial.

To get your FREE six-part mortgage refinancing Tutorial, visit RefiAdvisor.com using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this free video tutorial: "Mortgage Refinancing - What You Need to Know," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com.

Claim your free mortgage refinancing tutorial today at: http://www.refiadvisor.com

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