Know what you want from your home mortgage refinance before contacting a lender. A broker already understands you want the best deal. After all, who would ask for the mediocre interest rate of the day. Now for the catch. continued...

#7 And finally, there is no such thing as a no cost refinance. Just because no money comes out of your pocket, it doesn’t equal cost free. Most of the time a no cost home mortgage refinance simply means the fees were folded into a higher loan amount or greater than current rate.

So do your homework before calling for a mortgage rate refinance. After all, it's about your home and your mortgage. You deserve the best!

See you tomorrow with tips to paying off your home fast, Kate

P.S. To read my article in full, visit my Real Estate And Mortgage Articles