By Carrie Reeder
100% home mortgage refinance frees up your money for other
purchases, like a second home, renovations, or debt
consolidation. To get the best deal on your cash out refi,
online for your next lender. By evaluating loan quotes that
can get in minutes, you can save thousands with just a couple
hours of research.
Better Mortgage Lenders Online
If you like low rates and fees, then you will find your best
lenders online. Technology and competition has pushed down
refinancing costs, saving you money.
Online financing companies also give free personalized loan
estimates, so you have real numbers to make your refi
Requesting quotes is also a good way to “test-run” a company
make sure they deliver on prompt customer service.
Items To Check Before You Sign
Interest rates should be at the top of your list when
researching lenders. But also take a look at closing and
miscellaneous fees. On average, your refinancing closing costs
equal no more than 3% of your principal. But for 100%
refinancing, you may have to pay more, especially if you have
poor credit. Early payment fees should also be dropped, in
you decide to move or refinance again.
The APR will give you a picture of the total cost of the loan.
There are cases when a higher rate loan might actually save
money though. For example, if you plan to move in a couple of
years, you may get a bigger savings by not forking out
thousands at closing, even with the higher rate. For these
types of situations, you need to use your calculator to
determine which is the best option for you.
Commit When You Are Ready
When you have found the right loan package, commit to it as
soon as possible to lock in rates. Your application can be
completed online in about ten minutes with final paperwork
arriving in the mail in a couple of days. Once your contract
complete and received by your lenders, your money can be wired
to the appropriate accounts. From start to end it takes about
10 business days.
About The Author: Visit
www.abcloanguide.com/refinance.shtml for a list of 100%
mortgage refinance lenders online. View our recommended 100%
mortgage refinance lenders online.