How to Refinance Your Home
Refinancing your home is not as hard as you might think.
You are probably asking yourself the following questions:
Where do I start? Where do I get a quote? How much will this cost me? Can I achieve my goals when it comes to this refinancing?
Getting started is actually very easy.
There is a company (that you have very likely heard of) called Lending Tree.
Lending Tree acts as a middleman between yourself and potential banks/lenders.
Basically, they get your information and then shop around for the best refinancing quotes for you.
They will then present competing quotes from various different major banks and lenders (Lending Tree doesn't deal with shady companies) to you.
YOU then decide if any of the quotes are to your liking. There is absolutely no obligation to receive a quote - Lending Tree is providing you with just that, a quote.
If you decide that you want to deal with one of the companies that has presented you with a quote, then you can work with Lending Tree on the process of actually completing the refinance. The process is much simpler than you may think. Sure, there will be paperwork involved, but the companies want to make the process as easy and painless for you as possible.
This is a great time to think about refinancing your home. Mortgage rates are near all-time lows, and there is a very good chance that they will increase (perhaps significantly) over the coming years. If you are thinking about refinancing, now is definitely the time.
Again - there is absolutely no obligation to follow through with the refinancing after obtaining a quote from Lending Tree. They will not pressure you, and you are free to walk away from the process at any time.
Best of luck to you!
Filed under: General Knowledge