Consumption and Real Estate
Bank rates when down, how long should I wait b4 checking on refi a mortgage. Should I check right away?
Question : Bank rates when down, how long should I wait b4 checking on refi a mortgage. Should I check right away?
What steps do I take? Do I check rates online? Call the bank I currently have mortgage with?
refi rates
Best answer:
Answer by Butch
If you like the current loan, by all means call the bank you currently have a loan with. There are many different places to check out current rates for mortgages Just be careful and look at the points the lenders charge for those rates. You might think a lender has a good rate, but it is because you will be paying a lot up front for that rate. It pays to shop around. Good luck.
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#2 written by americannationwidemtg 1 year ago
I am a Loan Officer as well, and really the waiting period depends wholly on what the terms, rate, and costs were involved with your current mortgage, compared with whats out there right now.
You can check rates online, but any honest LO or Broker should really look at the whole picture before quoting any rates.
You may contact me as well if you have any further questions, but the first step is to talk to someone and see what the options are for you.
Good Luck! Rates are getting much better.
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The easiest way is to fill out the form at http://www.MyMortgageSaver.com and have an experienced mortgage broker from your area contact you.
The brokers affiliated with the site are chosen becuase they have the lowest rates in their respective areas of business.
Good Luck,
Jon