Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

5 Common Refinancing Gaffes
There is no denying it: Refinancing can save you a lot of money. BUT if you aren't paying attention it could also cost you quite a bit!Everyone has a different situation and it doesn't always make sense to refinance. Even those who would benefit from refinancing could find themselves losing money because of mistakes.
To help you avoid that, we're looking into five of the more common mistakes and how to avoid making them!
Not Shopping Around
I'll bet you know where the cheapest gas is, right? Shopping around for mortgage costs is the same thing. There isn't a lot of difference in rates right now, but that doesn't mean it isn't worth the effort to shop around. Closing costs change from lender to lender as well and closing costs are upfront costs.
But the largest part of your mortgage cost is the interest rate you pay over the life of the loan. Even a quarter of a percent difference can save you sizable amount, depending on the loan.
Shop around!
Ignoring Closing Costs
Refinancing is a service and services costs money. Closing costs usually add up to about 1.5 percent of your loan amount. Closing costs usually include loan origination fees, application fees, and ... more

__________________________________________________
Are you on The Rain? Grow Your Network!