Home Mortgage Rate Shopping - Why Some Shoppers Give Up And
About 29% of current homeowners and a much larger percent of
consumers with income levels above $50,000 feel it best to stay
as far away from offers to finance or refinancing their home as
possible. And this seemly for good reason. Trying to get a great
deal on a mortgage loan or shopping for low rate refinancing can
be a pain in the neck and a complete and total hassle for most of
us. What's worse, when we think we've found a great offer we're
made to feel like a heel when we start asking questions about
rates, points and fees. But of course their making us feel like a
heel is all a part of the game, right?
The fact is many large transactions make it to the closing
table under duress, an urgent need to relocate or the pressure to
relieve oneself of heavy debt obligations. Aside from these
factors most of us just aren't motivated to make changes on a
financial basis even if means risking sustaining our present way
Ignorance Is Bliss Until... Often the real reason
behind not being motivated to make major home improvements or
lower ones mortgage rates to something more reasonable may very
well be the bliss of ignorance. That is to say the bliss of
simply not knowing how. Not knowing how to finding the right
loan. Not knowing how to find the right lender. Not knowing how
to lower ones rates or how to eliminate all the unnecessary red
tape. Not knowing how to tell a predatory lender from a lender
who actually has your best interest reflected in his closing
documents. Not knowing how to accelerate the loan process. It's
no wonder we don't know how to approach these issues, most of the
news articles and periodical we read don't address these needs
and issues with enough depth to achieve the desired results.
The sad thing is when we finally decided to look into doing
something about it all we get fed is a bunch of hot air from
folks who can't wait to get their grimy hands on our money or
worse hour home. So we sit and we wait until the pretence that we
are protecting our assets runs thin. While we wait and do nothing
we are confronted with the fact that while everyone else's home
is appreciating ours may actually be depreciating not to mention
the need to address all the mounting credit card debt and those
bills that seem to be piling up daily. Yes ignorance is bliss
until the roof caves in or the termites take a bite out of that
Knowing Is The Best Motivator We must admit at some
point in time that protecting our assets can be better
accomplished when we know exactly who and what we're protecting
them from in the first place. And that would be our creditors,
the termites and above all ignorance itself.
Getting to know our financial situation better as well as our
options for improvement may actually help us protect and maintain
what we value most - our way of life.
From Borrower To Investor According to The Mortgage
Loan Search Network, an online informational resource at
www.bcpl.net/~ibcnet the key to protecting our assets is allowing
their value to reach it's full potential. That is to say, when
our money and other assets increase in value and start to make
money we are in a better position to maintain what we've worked
so hard to acquire.
That said, when one must opt for a home equity loan or cash
out refinance loan in order to make necessary improvements in the
home or invest in a business or pay college tuition costs the
borrower in fact becomes an investor. The money borrowed is being
used to bring in a greater return. With that in mind a site
called LowMortgageRates at www.lowmortgagerates.cc. lists a
number of ways to borrow cash, reduce mortgage rates while
lowering mortgage payments, increasing ones home value and
creating an income stream to offset debt and eventually eliminate
most if not all debt over a shorter period of time.
Getting To The Bargaining Table Still the questions
looms, how do you find the right loan, the right lender, lower
your mortgage rates, eliminate unnecessary red tape, avert
predatory lending schemes and accelerate the loan process?
According to one mortgage rate shopping site much of this can be
handled in the following ways:
1. Work with your current lender. All your loan documents are
already on file accelerating the loan process.
2. Get recommendations of good, reputable, credible lenders
from respected trusted sources such as family members, friends
3. Ask recommended lender for references from satisfied
4. Get several low mortgage rate quotes using online
The low mortgage rates network at www.lowmortgagerates.cc
presents foolproof methods of screening lenders and getting the
rates you want quickly and painlessly. For example, the site
suggests that when you're ready to step over to your current
lenders bargaining table bring along low mortgage rate offers
from other lenders such as those found online. This will motivate
your current lender to meet or beat your best offer.
Ignorance is only bliss until the unforeseen overtakes us.
After that we either kick ourselves for not knowing or we smile
warmly and proudly for having taken the time to learn how to
protect our valued assets and way of life.
Mark Askew is the founder of the LowMortgageRates Network, a
mortgage and home refinancing information resource for low
mortgage rate shoppers located on the web at http://www.lowmortgagerates.cc
MORE RESOURCES updated Wed. March / 21 / 2018
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Dealing with mortgage issues after a divorce!KTNV Las VegasSo, if the divorce agreement says you must remove his name, you'll either need to buy out — in other words, pay off — the current mortgage, refinance it into your own name or sell the property. If you don't qualify to refinance on your own, our firm ...
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