I want to refinance my existing mortgage? How do I get the best mortgage?

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  1. Reply
    My Take on It
    April 29, 2011 at 9:26 pm

    Shop around

  2. Reply
    Kaden Kal
    April 29, 2011 at 9:49 pm

    Several factors come into play when refinancing a mortgage loan and
    obtaining the best mortgage rate. First of all, make sure that there
    is enough equity in the home to refinance by researching the recent
    sales in your immediate area. With more than enough equity, the
    elimination of PMI (private mortgage insurance) is an added benefit.
    At this point, if you are able to pursue a refinance, make sure that
    your three credit reports are up to date, all errors are eliminated
    and payment information is accurate. This will insure the best credit
    score for which you will be offered the best mortgage rates.

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