Sunday, May 08, 2005

13 Chapter Fha Mortgage Refinance

Do you want to get cash out of your home? Do you want to borrow more than your homes current value? Do you want an interest only loan? And, which mortgage companies offer these options? There are many different kinds of refinance loans, and all of this information can be learned after a few minutes of searching online.Deal with large, reputable companies – When applying online, you should quickly be able to spot the larger, more reputable mortgage companies. I always prefer to use the companies that will submit your application to multiple lenders. That way, your credit is only pulled once, and you can receive multiple offers from usually up to 4 lenders. For a list of lenders, see the link below.Save money – Many online mortgage service companies can save you money by cutting out fees like origination fees and underwriting fees. You will also save money using mortgage services where more than one lender competes for your business and you can receive multiple offers, because you will know that you are choosing the loan with the lowest rate possible and the best terms you can qualify for. I usually recommend applying with about 3 different mortgage service companies that will submit your application to multiple lenders.Less Commitment– You can go around online and apply to 2-3 different lenders, without feeling guilty for working with more than one company. That way you make can make sure you are getting the best deal. Often when you start working with a mortgage broker in person, even if the person isn’t doing the best job for you, you start to feel obligated to continue to work with the person, not so online. If you aren’t getting what you want, you can move on with no guilt. About the AuthorCarrie Reeder is the owner of ABC Loan Guide. To view her list of recommended refinance lenders, visit her site at www.abcloanguide.com/refinance.shtml Her website provides informative articles about mortgage loans and lists of recommended lenders
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