Should I Refinance With My Current Lender?

Written by by Craig Romero


With so many homeowners refinancing lately, there are hundreds of refinancing questions being asked. One ofrepparttar most common is "Should I refinance with my current lender?" The answer is both yes and no.

Your current lender should berepparttar 112272 last lender that you obtain a quote from, but you should definitely contact them when you are thinking of refinancing. Get together quotes from other lenders, and then approach your current lender and ask them to meet, or even better, beat those quotes.

You can also ask them to waive certain settlement costs and other fees involved since you are already an established customer and your lender may have customer retention programs, but you will need leverage before you do this. That leverage should come inrepparttar 112273 form of quotes from your lender’s competitors.

In fact, your lender may opt to just decreaserepparttar 112274 interest rate you are currently paying, thereby allowing you to avoid settlement costs altogether.

However, there are drawbacks to using your current lender. Your lender already has your business, once you payrepparttar 112275 lock-in fee, they have your money too. Since they already have your mortgage, they have no incentive to closerepparttar 112276 deal in a timely manner. There are also times when lenders will not quote yourepparttar 112277 best rate they have, but will quote you a rate that is lower than your current rate.

SuperCharged Secret 1 - LIVING IN CREDIT CARD UTOPIA!

Written by Tom Levine


5 SuperCharged Secrets to Credit Card Utopia! Secret 1 of 5 I AM THE CONSUMER. AND I HAVE LOW-RATE SUPER-POWERS!

Note: The following is part 1 of a 5 part series, Overrepparttar course of these next 5 articles, I am going to introduce you to several methods for maximizingrepparttar 112271 use and benefits ofrepparttar 112272 best Credit Cards and offers onrepparttar 112273 market today. This information, when used in conjunction with one another, is unlike anything you’ve ever seen before. I like to call this approach,repparttar 112274 “5 SuperCharged Secrets to Credit Card Utopia.”

1.SECRET 1: I AM THE CONSUMER. AND I HAVE LOW-RATE SUPER-POWERS! 2.SECRET 2: INTEREST BEWARE, THERE’S SAFETY IN NUMBERS! 3.SECRET 3: TURBO-CHARGED KILLER RATE SAVING INFORMATION! 4.SECRET 4: YOU SCRATCH MY BACK, AND I’LL BUY SOME MORE BEER! 5.SECRET 5: LIVING IN CREDIT CARD UTOPIA

Without further Ado, let’s get started:

SECRET 1: I AM THE CONSUMER. AND I HAVE LOW-RATE SUPER-POWERS!

1)How would you like a zero interest credit card?

WHAT? Did you say ZERO interest? That’s like 0.00%, or .0000000%, or nothing, or nada, or no interest? Tom! Can’t be!!!

2)Actually, that’s exactly what I mean.

You can have zero interest on a perfect day, or, can you live with 4% interest? I just received a credit card offer for 4% interest (which I turned down…), but if I needed it, that is completely reasonable, don’t you think?

3)You see, you arerepparttar 112275 consumer, and you have Low-Rate Super Powers!

This is a hot, credit-hungry market we’re in. There are banks and lending institutions that would do just about anything to entice you in to their little web of plastic loanery.

4)Here’s Secret #1 revealed:

Credit Card companies are competing with each other, by offering consumers like us, low-interest, to no interest, balance transfers on already existing debt. Granted, these are usually (but not always…) limited to a time period like 6 months…

But, what do you care? 6 months of zero interest is certainly MUCH better than 6 months of 19% interest, RIGHT?

5)The first, most important thing you need to do, is examine if you have outstanding balances on other credit cards. If you do, then wisen up!

Cont'd on page 2 ==>
 
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