People sure are talking a lot about refinances these days - maybe it is because there is a boat load of short-term ARMs resetting over the next few years; or maybe it is because rising interest rates have short-term loan holders jumpy. Whatever the case may be - if you are out shopping for a refinance of your current home loan (subprime or prime) then you need these 8 steps. Using these 8 steps will save you at least $2,500, probably much more. So consider this Blown Mortgage’s mortgage refinance coupon - and you don’t even have to buy anything from us to redeem.

The Steps

1. Get a baseline
2. Get three referrals
3. Interview
4. Get your act (documentation) together
5. Select your lenders
6. Review Good Faith Estimates and Programs
7. Get copies of your lock confirmation and loan approval
8. Bring GFE, lock and loan approval to signing