Home Mortgage Refinancing Rates What You Need to Know
Are you thinking about refinancing your mortgage loan this year? A home mortgage refinance can save you a lot of cash if you it the right way.
Did you know the mortgage rate you have on your home now was marked up by the broker arranging your mortgage for a fee?
Home Loan Refinance Tips
You don t have to be a personal finance guru to gain a good deal on your next mortgage.
Wholesale Mortgage Refinancing Rates
You're educated with wholesale monetary values when it comes to retail products but what about mortgage loans?
Mortgage interest rates are no different; in fact, mortgage loans are retail products being resold by mortgage companies and brokers for a fee.
How do mortgage companies and agents make their cash? They make money from two places: you and your lender.
Your mortgage company or agent can charge you an origination fee, often called origination points for their part in setting up your home loan. This fee is often fleeced. A reasonable fee for loan origination is one percent of your loan amount however, it s not uncommon to see this fee as high as two percent