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| shopper. Don't accept the first offer you get in the mail | | | | You can also decide to include the closing costs as |
| because it could be the worst deal. Instead, compare | | | | part of the loan. This will increase your rate for the refi, |
| financing packages for sensible rates. Asking questions | | | | but can help if you don't have the cash now. |
| of financing companies will also help you weed out the | | | | Once you know what terms you want, make side by |
| bad lenders. | | | | side comparisons. Look over the APR and fees not |
| Be A Smart Shopper and Research Home Mortgage | | | | part of the closing costs. Online broker sites can help |
| Lenders | | | | you do this in a few minutes. Then review loan terms |
| Be a smart shopper by researching your lender. With | | | | again at signing. |
| poor credit, you can't afford to skip this step. | | | | Ask Questions about Refinanced Mortgage Loan |
| Scammers will try to get you to sign over your deed | | | | The lender is providing you with a service. You have |
| or agree to terms that could force you into | | | | the right to ask questions and get prompt answers. If |
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| a feel as to what rates and fees to expect. Even with | | | | Another preventative measure is to read over the |
| bad credit, you can look to conventional lenders for | | | | details of your loan contract. Discuss any items you |
| refinance deals. | | | | are unsure or uncomfortable with. You can decide to |
| Compare Mortgage Loan Rates | | | | cancel the loan before funds are dispersed. |
| When you are ready to compare offers, check out | | | | The best way to prevent getting caught with a bad |
| the APR of different types of loans. An APR will start | | | | loan is to do your research. Don't sign anything you |
| out with secure low rates, but they can increase, along | | | | aren't totally comfortable with. |