by Rose Marie
(GA USA)
Ask Kate: Refinancing Advice To Protect Yourself So you are going to refinance your home, not a bad decision with the way today's mortgage rates are falling. However you want to make sure you do not fall for any gimmicks and that you protect yourself.
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You need to start by getting your interest rate in writing and requesting a guarantee that if rates drop one percentage point within a sixty day time frame that you will have the option to get the lower rate.
In addition check out your closing cost, make sure that you can re-coup the cost within a reasonable amount of time.
And last but not least, see if you can consolidate any outstanding debt you may have, you would be surprised at what a difference this can make to your bottom line.
You can also ask Kate about your mortgage at Best Mortgage Advice Social Networking Hotline.
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