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