Comments on: Refinance Your Mortgage, Pay Off Your Debts http://www.mortgagelowdown.com/2006/09/refinance_your_.html News, tips and resources Mon, 05 Jan 2009 23:59:52 +0000 http://wordpress.org/?v=2.5.1 By: Vijay http://www.mortgagelowdown.com/2006/09/refinance_your_.html#comment-23 Vijay Fri, 30 Mar 2007 21:05:47 +0000 http://www.mortgagelowdown.com/2006/09/refinance_your_mortgage_pay_off_your_debts.html#comment-23 Hi this is Vijay I gone through this site and i found that such good information and this site is providing the same information relevant to this site...........united first financial Hi this is Vijay

I gone through this site and i found that such good information and this site is providing the same information relevant to this site………..united first financial

]]> By: Mike http://www.mortgagelowdown.com/2006/09/refinance_your_.html#comment-22 Mike Thu, 21 Sep 2006 01:53:00 +0000 http://www.mortgagelowdown.com/2006/09/refinance_your_mortgage_pay_off_your_debts.html#comment-22 Even though mortgage refinancing rates are higher than in years past, they are still very attractive compared to other kinds of borrowing. You can get free, no-obligation quotes on several types of refinancing at <a href="http://www.e-lends.com" rel="nofollow">http://www.e-lends.com</a> . If the numbers make sense and you decide to refinance, here is some advice from The Federal Trade Commission on how to proceed: #1. Negotiate. It never hurts to ask if the lender will lower the APR, take out a charge you do not want to pay, or remove a loan term that you do not like. #2. Ask the lender to give you copies of the actual documents you will be asked to sign for your mortgage refinance. Take the forms home and review them with someone you trust. Ask the lender about items you do not understand. #3. Be sure you can afford the mortgage refinance. Figure out whether your monthly income is enough to cover each monthly payment, in addition to your other monthly bills. #4. If this is a refinance of a first mortgage, ask about escrow services. Ask if the loan's monthly payment includes an escrow amount for property taxes and insurance. If not, be sure to budget for those amounts, too. Even though mortgage refinancing rates are higher than in years past, they are still very attractive compared to other kinds of borrowing.

You can get free, no-obligation quotes on several types of refinancing at http://www.e-lends.com . If the numbers make sense and you decide to refinance, here is some advice from The Federal Trade Commission on how to proceed:

#1. Negotiate. It never hurts to ask if the lender will lower the APR, take out a charge you do not want to pay, or remove a loan term that you do not like.

#2. Ask the lender to give you copies of the actual documents you will be asked to sign for your mortgage refinance. Take the forms home and review them with someone you trust. Ask the lender about items you do not understand.

#3. Be sure you can afford the mortgage refinance. Figure out whether your monthly income is enough to cover each monthly payment, in addition to your other monthly bills.

#4. If this is a refinance of a first mortgage, ask about escrow services. Ask if the loan’s monthly payment includes an escrow amount for property taxes and insurance. If not, be sure to budget for those amounts, too.

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