Loan

How can I ensure I get the best rate on a home refinance?

We have main credit, but made the mistake of not gettng a fixed rate on our mortgage 5 years ago. What do we do to ensure that we get the best trade we can?

Thanks!


The easiest way in my id is to go to a few different brokers at least 3 or 4 and ask for a Good Faith Estimate. They'll take your info and determine what rate, etc they can give you. Then match those and see who has the best deal.


I accept that mortgages are tied to the 10 year treasury rate. Keep checking that rate and clasp in a fixed rate when it's low.

Who is offering the best rate for a home refinance?

We have a rental real estate that we would like to refinance and consolidate all our credit.


With your position you're working with an investment property and will take a hit on rate because it's not your primary residence. But the rates that are available to you depend on your confidence score, how much equity you have, mortgage payment history,


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