Has anyone refinanced a home mortgage lately for the lower rate? How easy and painless is the process? I'm still paying a 5% interest rate
That was the lowest rate available when I took out a mortgage 6 years ago. I have thought about refinancing but then I hear or read something that makes me reluctant to. Someone told me that I need a lawyer to close the new loan (?) and that closing costs were in the thousands of dollars And there are those horror stories about people who refinananced and ended up with problems getting their payments applied to their account and such.
Are there any good easy to understand web sites that go step by step on how to refinance?
The bank where my current payments go to sent me a info thing about refinancing for a lower rate so that got me thinking again. The savings from a lower interest rate would be nice, espcially now that my paycheck is a bit smaller because I can't put in overtime if I work more than my 7.5 hours.
Are there any good easy to understand web sites that go step by step on how to refinance?
The bank where my current payments go to sent me a info thing about refinancing for a lower rate so that got me thinking again. The savings from a lower interest rate would be nice, espcially now that my paycheck is a bit smaller because I can't put in overtime if I work more than my 7.5 hours.