Best Refinance

So you'd like to qualify for the absolute best rate for your mortgage or refinance right? Of course!

We hear every day how important it is to own real estate. What we don’t hear is how to make sure we get the best mortgage rate available and save ourselves thousands and thousands of dollars over the term of our mortgage. Not everyone is blessed with the best credit and a huge down payment. So, how can you get the best deal on your mortgage or refinance?

If you happen to be living in your dream home, then the last thing you want to do, is to face losing your home just because you have hit some minor bumps in the road concerning your finances. Refinance loans just might be the answer for you, and can help tremendously with many of the financial problems you might be experiencing.

1) Find out your credit score on all relevant credit bureaus:

Don’t ever let a loan officer tell you what your credit is. They are schooled in finding ways to make extra money off of you. The better educated you are, the harder it will be for the loan officer to pull a fast one on you. If you do have some issues, clean them up first. It isn’t hard to get some dings off your credit and this will save you a lot.

2) Get all your documentation together:

This may sound trivial, but you wouldn’t believe the number of people that don’t do this well and pay steeply with higher rates and points as a result. You should, as a habit, keep a file of your tax returns, assets (bank account statements, mortgage payment receipts -if you have a current mortgage), business license (if you are self employed), etc… The better you can document your income, assets, and employment, the higher your chances are for getting lowest interest rates.




3) If you do not currently own a house, get pre-approved before making offers:

Real estate agents are in the business of selling and will place an offer faster than you can blink an eye. Remember, it’s your earnest money you are putting down (usually $1,000) and if you don’t qualify or can’t close in time you can lose it. Just like with credit card offers, pre-qualified means absolutely nothing. On a high demand real estate listing most sellers won’t take an offer if you aren’t pre-approved. In many cases, they will not negotiate favorably with you without a letter of approval from your bank or lending institution. Carry your pre-approval with you when you house shop and watch what hurdles homeowners will go through for you.




Get the bad credit loan with 99.9% approval rate.