Refinancing Advice Why Rates Change Before Closing

by Tom
(Keyport, NJ)

Regarding Refinancing Advice And Why Rates Change Before Closing, aka refinancing advice to avoid surprises... Kate, During a refinance of my home, I called a mortgage rep and we went over credit and income and available programs.



I settled on a product, sent all documents, the w2's, bank statements etc. Then I set a closing date.

Two days prior to closing, 1 discount point was added to the mortgage closing costs. So the amount of money I needed to pay at closing changed.

Also some other mortgage products previously spoken about were no longer available to me?

Kate Answers: Refinancing Advice And Why Rates Change Before Closing

Dear Tom, Unless it's your birthday, let's face it, no one expects a surprise at closing. Good news! There are ways to avoid surprises while refinancing.

Always ask for a mortgage rate lock guarantee in writing. Interest rates go up, down or stay the same, sometimes all in one day. I guarantee that! Lock in your best mortgage rate to eliminate those last minute fire drills.

Here is my best refinancing advice, discover how to choose the best mortgage lender. Ask these questions to guarantee low mortgage payments.

Best Wishes,

Ask Kate how to get the best mortgage rates
Kate Ford aka Super Kate at Get-Your-Best-Mortgage-Rate.com



P.S. Go to my Best Mortgage Rate Blog, an entertaining source of refinancing advice. Subscribe now to the RSS feed.



Finding The Help You Need For Locking Rates

My Interest Rate Lock Guarantee - Help for timing your rate lock.

The best solution to avoiding hidden fees is to ask the right questions before you lock mortgage rates.

All about getting mortgage broker fees in writing - Otherwise your rate lock is meaningless!

How good is a mortgage interest rate lock guarantee? In the end, you have to read your lender's paperwork.

Because Yield Spread Premium is a common reason for losing your rate lock, here is the insider scoop on this odd sounding term.

Questions to Ask BEFORE You Lock

Ask Kate about locking - Ask a question and get an answer from Kate.

Search Readers' questions and Kate's answers at Mortgage Rate Lock Center



Return from Refinancing Advice Why Rates Change Before Closing to Get Your Best Mortgage Rate


The information you obtain at this site is not, nor is it intended to be, a substitute for financial, real estate or legal advice. You should consult an attorney, accountant, lender or real estate agent, as applicable, for advice regarding your individual situation. Comments and opinions found here are not necessarily those of Get-Your-Best-Mortgage-Rate.com

Click here to post comments.

Join in and write your own page! It's easy to do. How?
Simply click here to return to Refinancing Advice The Nuts and Bolts.

Advertising Policy

Grab your FREE email mini-course...    Super Kate's Magical 6-Step System to Paying Off Your House Faster and Easier Than You Ever Thought Possible
...when you sign up for Focus on Finance, packed with tips, ideas and products for eliminating debt, and creating wealth.

We respect your email privacy

Super Kate's Supersonic House Payment Calculator

Calculate your house payments in a jiffy!

Learn from Super Kate how to use a mortgage calculator and keep up with your lender.

Knock Your Socks Off Best Mortgage Rate Blog

Follow the time-tested Best Mortgage Rate Blog packed with trade secrets from Ask Kate and Super Kate.

The fresh and effective approach to getting a mortgage!

You Can OWN My Brain

Loan Modification Answers by Kate - Unique help for modifying your mortgage. Make sure you don't miss this.

Lock Answers by Kate - Learn the nitty gritty inside story of locking your mortgage rate. Rate Locks Part I

Ask Kate About Locking Mortgage Rates - The dilemma of locking mortgage rates continues with even more letters. Rate Locks Part II

Refinance Answers by Kate - Refinancing brings out opinions, for sure! Get the facts here. Refinancing Part I

Refinancing Stories From Homeowners - With reversed rolls, Kate asks and Homeowners offer refinance advice. Refinancing Part II

Home Buying Answers by Kate - Learn how to buy a house. Unusual facts to aid your home buying experience. Home Buying Part I

Stories From Home Buyers - Meet Kate's home buying visitors who tell their stories and give advice for buying a house. Home Buying Part II

Credit Answers by Kate - Improving credit could change your life. Find how to get more than temporary results.

FHA and VA Answers by Kate - Clear the fog. The low down on VA and FHA loan requirements.

PMI Answers by Kate - Private mortgage insurance, friend or foe? Do you know how to get rid of it?

ARM Answers by Kate - Do you have an adjustable rate home mortgage? You can ask Kate for help.

Answers by Kate For Seniors - Reverse Mortgage, the unique income answer for retirees.

How To Compare Mortgage Rates Online - You'll enjoy this collection of homeowner experiences while shopping for lenders.

Kate's Mortgage Advice Forum - Savvy home mortgage tips contributed by readers of this website.

Mortgage News Opinions - Bold opinions of Joe Public regarding mortgage and real estate news.

Website Answers by Kate - Yes... Readers even ask Kate how to build a website.