If you are in the process of refinancing your home loan, there are steps you can take to improve the interest rate that you will qualify. Qualifying for a better interest rate is easier than you think. Here are three tips to help you find the best interest rate when refinancing your home loan.
I. Clean Up Your Credit History
Paying down your debts and making all of your payments on time will boost your credit score. Before you apply for a new home loan it is important to review your credit records for mistakes. There are three credit agencies that maintain your records and these records are prone to mistakes. If you find errors on your credit reports it is important to dispute the error with each credit agency and the creditor responsible for placing it there at least sixty days before applying for a home loan.
II. Put Money in the Bank
Any money you can put in the bank will help your cause when refinancing your home loan. Money you have in savings, stocks, mutual funds or other investments is counted as an asset when the lender evaluates your application. When you save money the lender views you as less of a risk which could help you qualify for a lower interest rate. In addition, you may want to pay points in exchange for a lower interest rate, having the cash on hand will make this easier for you.
III. Do Your Homework and Shop for Home Loans
You can save yourself a lot of money by shopping from a variety of mortgage lenders for the most competitive home loan. The Internet is an excellent tool for comparing loan offers from dozens of lenders. When you compare loan offers it is important to compare all aspects of the home loans, not just the interest rates. There is an easy way to make this comparison that will save you time and money. To learn more about comparing home loan offers, register for a free mortgage guidebook.
To get your free mortgage guidebook visit RefiAdvisor.com using the link below.
Louie Latour specializes in showing homeowners how to avoid common mortgage mistakes and predatory lenders. For a free copy of "Mortgage Refinancing: What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com.
Claim your free guidebook today at: http://www.refiadvisor.com/
Refinance Home Loan
Article Source: http://EzineArticles.com/?expert=Louie_Latour
Subscribe to:
Post Comments (Atom)
2 comments:
The information of this site is really important since it counts on specific details for interested in real estate. The illustration that offers on the life in Costa Rica and its people seems to me very advisable the image of the country and contributes great benefits for the tourism, business that offers many economic advantages for the country. The increase of real estate in Costa Rica during the last years is the test that Costa Rica in one of the destinies more looked for by the foreigners eager to invest in this point of exuberant beauty of flora and fauna. I also count on information referring to the subject.
We invite you to take a tour on our website, and if should more information is required:
Great condo for sale in costa rica
Costa Rica Real Estate Articles and News, Costa Rica Beachfront Property. Visit us for more info at: http://www.costa-ricarealestate.com/
This page is fantastic, what you show us is very interesting and important, do you want to see something more? Look: Great investment opportunity in Costa Rica: Jaco Rental Beach Condo, Jaco Rentals Beach Condo,Vacation Condos in Jaco Beach for Rent. Visit us for more info at: http://www.jaco-bay.com/
Post a Comment