Many people will tell you the way to get the best deal when refinancing your mortgage is to comparison shop until you drop. While this is good advice many homeowners don�t know how to comparison for wholesale mortgage rates. Here are several tips to help you get the best deal when refinancing your mortgage with a wholesale interest rate.
How to Get the Best Deal when Mortgage Refinancing
Many people will tell you the way to get the best deal when refinancing your mortgage is to comparison shop until you drop. While this is good advice many homeowners don't know how to comparison for wholesale mortgage rates. Here are several tips to help you get the best deal when refinancing your mortgage with a wholesale interest rate.
Mortgage loans are retail consumer products just like the appliances you purchase for your home. What makes your mortgage "retail" is the markup the loan originator adds to your interest rate to get a commission from the wholesale lender. This commission is paid in addition to the origination fees you're already paying for that person's services, lining their pockets at your expense.
Very few homeowners have even heard of Yield Spread Premium even while the topic is hotly debated in Congress. Mortgage brokers are required to disclose this markup of your interest rate; however, they have clever ways of disguising it on the Good Faith Estimate and HUD-1 Statements. The good news for you is that you can avoid paying Yield Spread Premium and get a wholesale interest rate when refinancing your mortgage.
Mortgage refinancing is a lot like car buying; once you know the blue book value of the car you can negotiate with the dealer for a lower price. The same is true for homeowners who understand Yield Spread Premium. When you learn to recognize the markup you can negotiate to avoid paying it when refinancing. You can learn more about avoiding Yield Spread Premium and refinancing your mortgage with a wholesale interest rate with a free mortgage toolkit.
To get your FREE Mortgage Refinancing Video Toolkit, visit RefiAdvisor.com using the link below.
Louis Latour specializes in homes that show how to avoid costly mistakes and predatory mortgage lenders. To get your hands on this "Mortgage Refinancing Toolkit," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com.
Get your free mortgage refinancing tutorial today at: http://www.refiadvisor.com
Best Refinance Mortgage Rates
credit Link
http://www.refiadvisor.com
http://www.refiadvisor.com/pblog/interest-rates/best-refinance-mortgage-rates/
ไม่มีความคิดเห็น:
แสดงความคิดเห็น