Refinancing Advice Why Rates Change Before Closing

by Tom from 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
Ask Kate



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



Finding Help 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.

Get mortgage broker fees in writing or your rate lock is meaningless!

How good is a mortgage interest rate lock guarantee?

Yield Spread Premium is a common reason for losing your rate lock.

Questions to ask before you lock.

Search questions and answers at Ask Kate Mortgage Rate Lock Center I.

More questions and answers at Ask Kate Mortgage Rate Lock Center II.



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


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