Refinancing Mortgage Rate

by USA Homeowner

Ask Kate: Refinancing Mortgage Rate I have a question about refinancing my mortgage rate. Should I refinance to go from 6.3% down to a 5% interest rate. It would save me about $100 per month. I just bought my house last year. Signed, Homeowner

Kate Answers: Refinancing Mortgage Rate

Dear USA Homeowner,

I'd like to share three secrets with you that I hope are helpful regarding your refinance question.

1) Your first secret is that lowest mortgage rates might not always your best mortgage rates. Go here for ideas to compare mortgage interest rates and decide what saving money means to you.

2) The success of refinancing your mortgage rate is partially dependent on reducing your mortgage closing costs. Here is how to take some of the mystery out of the process.

3) Finding your best mortgage lender is the third secret. Here are six simple steps to compare mortgage rates and find your best lender locally or on-line.

Near the bottom of this page, I included other relevant links to pages on this site which I think could also help you with your question about refinancing your mortgage rate.

Best of luck in your decision. I hope you'll come back to my website again in the future. Of course, all of my information is free.

So remember to bookmark to your favorites and visit often for up to date tips for buying a house, mortgage news and refinancing tips.

You can also invite friends to comment on this page or create a page of their own like you did.

Best Wishes,

Ask Kate how to get the best mortgage rates
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You can also ask Kate about your mortgage at Refinancing Advice The Nuts and Bolts.

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