Tip #1:
The best thing you can do as you start the AZ Refinance process is to shop for different lenders.Everyone knows this but few actually take the time to do it. Almost everyone goes with the first person they are referred to or speak to. Make a commitment to speak with at least three different lenders.
The payoff? Better rates, fees, and terms.
Here's how you can do it.
1. Ask your friends and family for a direct referral...not just for a mortgage lender, but for someone that will work with you through the loan process.
2. Call this referral and tell them who referred them to you. Get pre-qualified, but do not pay any upfront fees. Make sure you understand what your credit scores are.
3. When you receive their ""Truth-In_Lending" and "Good Faith Estimate" you must readi it through. and make sure it's what you expected.
Then go ahead and call at least two additional loan officers and have them give you a quote. Go ahead an ttell them what your first quote included, and have them try to better it. Don't be afraid to ask questions, and get the best rate that you can.
4. Once you have all rates in, you will find that you usually have beat the first quote. Bring this information back to the first loan officer and see what they can do.
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