Did you know that at some point it will make sense to refinance your existing Wixom mortgage or purchase a new home and obtain a new mortgage?
For some, it is hard to believe that the largest financial decision they to make must be made again. While others will just blindly sign their refinance application without considering all their options, especially from a different lender.
I am here to advise you against refinancing your mortgage right off the bat. Take the time to speak to friends or family members to get a referral to someone you can trust. Google search to find a local mortgage broker and get their opinion on your situation before you make any final decisions. Be sure to pick a broker that has 5-star reviews and a great track record.
Refinancing your mortgage can be as intimidating as obtaining your original mortgage. There are often just as many factors that play into the decision process and while you have gone through the process before, there are many things that can change, making it feel like the first time all over again.
As a trusted Wixom mortgage broker, I am here to tell you that refinancing your mortgage doesn’t have to be a headache. There are a few simple things you can do to make the process as quick and painless as possible, while still getting the perfect financing option for your situation.
Start doing some research and look at current mortgage rates and play around with a mortgage calculator to get a better idea of what financing options you feel would be right for you. By performing your research in advance, you are mentally ready to start the process with a mortgage broker.
It is also important that you are not afraid to negotiate during the renewal process. Many lenders, especially banks and financial institutions will try to lock you in at an extremely high rate. Don’t be afraid to ask for a lower rate or to negotiate down closer to the rate you want.
Maybe negotiating isn’t your strong suit or maybe you would rather not spend the time conducting your own research. Having well-connected and respected Wixom mortgage brokers, like us, in your corner is another great way to ensure that you get the best interest rates and mortgage options available. We can negotiate on your behalf and will find the best lender, with the lowest rate and fees, that suits your needs.
If your ARM is about to adjust or you are currently sitting at a high rate, or you want to get pre-approved for a new home, give us a call today to find out more about how we can save you time and money!