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Is refinancing a loan right for you? Run the numbers and find out for sure. Talk to a financial advisor or visit one of the thousands of resources available on the internet today.

Make sure to get a Good Faith Estimate from your loan broker as early as possible. You want to know all the fees you will be required to pay at closing. Many lenders will have fees for the smallest things that other banks may not have. Yes, you are getting a 5% rate on your loan, but with all the extra fees and points you might have to pay, the real rate on this loan might be a lot higher. Another advantage of getting a Good Faith Estimate is that the form is relatively standardized. You can take the estimate to another broker or your local bank and see if they can beat the offer. Do not be intimidated by pressure tactics that mortgage brokers like to employ. There is a reason why they all seem to take so long to get your loan through. They all wait until it is too late for you to find a better deal... and there is ALWAYS a better deal.

When applying for a loan make sure the mortgage broker expalins to you all the documents you are going to need. It is a good idea to gather this documentation together well before you apply for loans. Make copies of everything. This will help when the lender "mis-places" your documents during the application process. Also, if you do not have one already, it pays to invest in a fax machine for your home. You will be faxing documents back and forth for several weeks. Make sure delays on the lender's end do not become delays on your end.

Refinance Mortage companies, reviews, and further research: