Refinancing checklist

Read the fine print or look for any fine print in any agreement you are asked to sign. A good mortgage lender will provide you copies of your documents during appointment and closing.These are after all, rolled into your loan. If you have a title company that would charge less, request it and push for it. Some mortgage companies may have relationships with title companies to bring them business, but you have to verify if the costs are fair.This will determine how long your loan officer has been licensed and what continuing education courses were completed. Continuing education courses can assist you in determining your loan officer will understand your needs wholly.View the list »
While just an estimate during the initial interview process the Good Faith Estimate breaks down the fees, rate and costs for your mortgage loan. Look for the origination/broker fee. Ask your lender if the rate is par, or are additional costs being added to pay for the rate.

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It can be a difficult thing to map out, refinancing your current mortgage. The economic factor shows the rates are low because the environment is not healthy right now. If you are looking towards several options here is a checklist on how to find the best company for your needs.

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In refinancing, ethics is at the top of the list. Confirming your mortgage lender is out for the best interest of you and not their own pocket guarantees you will have a happy closing. A good lender will want to treat you well in hopes of referrals, and good business leads. An educated consumer is a strong one, and a good lender will respect your need for knowledge.

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  • While just an estimate during the initial interview process the Good Faith Estimate breaks down the fees, rate and costs for your mortgage loan. Look for the origination/broker fee. Ask your lender if the rate is par, or are additional costs being added to pay for the rate.
  • This will determine how long your loan officer has been licensed and what continuing education courses were completed. Continuing education courses can assist you in determining your loan officer will understand your needs wholly.
  • These are after all, rolled into your loan. If you have a title company that would charge less, request it and push for it. Some mortgage companies may have relationships with title companies to bring them business, but you have to verify if the costs are fair.
  • Read the fine print or look for any fine print in any agreement you are asked to sign. A good mortgage lender will provide you copies of your documents during appointment and closing.
  • All final mortgage agreements will have a notary present. If the lender assures the notary will stamp later, refuse to sign. This can potentially create legal issues depending on your state law. Having a notary confirms the agreement and brings a witness to the table during your refinance.
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, Cleveland Business Examiner

Angelina aka Li is an entrepreneur, and freelance writer. She writes from her experiences in the field, which encompass Writing, Finance, Business, Budgeting, Entrepreneurship, Innovation, and Management. Li is currently in her PhD studies, while managing her work, and a family. She is a self...

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