Mortgage rates are super low right now, a perfect time to refinance. Unfortunately, you have to be very careful about the process because in today’s day and age its much harder to do!
Dona DeZube wrote an article for HouseLogic and NAR detailing five important things to avoid when refinancing. Here are her bullet points listing the biggest mistakes people make:
1. Not getting a quote from your current lender
2. Having too many bills and too little money
3. Maxing out your credit
4. Using credit to make big purchases right after you apply
5. Having unfinished remodeling projects
Please refer to the original article, The 5 Biggest Refinance Mistakes for a concise explanation of each one.finance mistakes, jennifer westmoreland and associates, Real Estate, Refinancing Posted by