Three Best Kept Refinance Secrets In Plain Sight

By: Kate Ford1

There are three simple refinance secrets to low mortgage payments. By reading this articles, your will understand these 3 things;

  • You will understand how important it is to be able to explain in one sentence the purpose of your mortgage refinance.
  • You will feel confident knowing you are prepared with the proper details before contacting a lender.
  • You will know to ask questions in order to find the lender that best fits you.

For more than 20 years, I had the pleasure of financing home loans. You could call me a mortgage insider. Over the years I have studied the mortgage business as well as my own clients to learn the often obvious as well as the not so obvious secrets to home loan financing.

If you are like most people, when it comes to getting the lowest payments and the best mortgage rates, you probably feel uncomfortable with the terminology and unfamiliar with the mortgage process. I can't blame you. There is no school to teach you how to refinance a home. I wish there was . You have the power to control the future of your mortgage.

Here are three money saving tips to refinancing your home for the lowest interest rates.
These secrets may seem like common sense to you but the best kept secrets are the ones often hidden in plain sight. You cannot imagine how often I heard people tell me they wanted the lowest mortgage rate. However, they couldn't explain the reason for their refinance or perhaps felt it was unnecessary. But listen. We all want our best mortgage rates. That is a given.

Best Refinance Rates
Three best Kept Refinance Secrets to get your the best refinance rates. In order to get the best interest rate, a lender needs to know your purpose to refinance. So focus on why you want to refinance. Help yourself and your lender by determining what you want before you get online or pick up the phone.

1. Secret Number One to Low Mortage Rates
Why are you refinancing?

Ask yourself a critical question. If I were to tell someone in one sentence why I am refinancing, what would it be? Are you refinancing 

  • To pay off a car loan
  • To remodel your house
  • To reduce payments
  • To pay off a 2nd mortgage

The better you know your primary purpose the better results you are likely to see.

2) Secret number two to Low Mortage Rates
Get Your Personal Profile Information Ready.
 
Mortgage lenders are going to ask questions about your income, employment, expenses, and type of property you are financing. You will feel more confident and less frustrated if you don't have to go searching for answers while online or on the phone. Take a couple of minutes to prepare before shopping for a mortgage lender.

3) Secret number three to Low Mortage Rates
You may have to change the way you think though.

Qualify your lender before your lender qualifies you. What? Yes, you really did hear me. Before getting qualified for a home loan, you want to qualify your lender. Why? It's important to determine if this is the right lender for you. Most borrowers never think about qualifying their mortgage lender. I doubt if anyone has ever told you this hidden secret. But knowing what to ask is the first step to getting it. In fact, qualifying your lender is the most important exercise you can do when deciding what mortgage lender is right for you. Most people are not aware of these hidden secrets. It has taken me 20 years to synthesize these and other secrets so that I could make it easy for the average homeowner and home buyer to find the best mortgage for their present circumstances.

Home Refinance Secrets
There you have it. Three best kept refinance secrets to get your the best refinance rates. (1) Be able to explain in one sentence what is the purpose of your refinance. (2) Gather personal details regarding income, employment, expenses, and your property. (3) Qualifying your lender before your lender qualifies you

Good luck in refinancing and getting low mortage payments.

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