Louie Latour asked: If you’re in the process of refinancing your home mortgage loan there are several things you need to know about the mortgage rate quotes you receive. Nearly all mortgage quotes have markup built into them to give the person arranging your loan a commission. If you want the lowest possible mortgage rate [...]
Louie Latour asked: Locking in your mortgage interest rate is how loan originators guarantee an interest rate. The purpose of the lock is to allow you time to close on the loan at the interest rate you agreed. If you are unable to close before the rate lock expires, the mortgage lender could charge you [...]
Rony Walker asked: There is always a possibility of getting a no-cost refinance. Mortgage rates being what they are, this is, of course, a very welcome option. But lenders are in business to make money. Keep this in mind when you are trying to get a refinance. Mortgage problems make your entire fiscal situation even [...]