- Shopping around may increase your chances of getting the best deal.
Refinancing with Your Existing Lender: Several Things to Consider
Lately refinancing has become pretty popular. Low interest rates combined with a host of government programs and incentives means that many people can find a better deal than what they currently have. When you are looking to refinance, you have two options. You can either refinance with your existing lender, or you can go with what another lender has to offer. In order to get a better look at these options, it’s important to examine their differences:
- Your current lender knows you as well as your finances.
- Looking at other lenders increases your chances of getting the best deal.
- Your lender knows the most about your current mortgage.
- More lenders equal more choices. (For example: some programs or government incentives may not be available from your lender.)
As you can see, there are several key differences. On one hand there is the comfort factor in going to someone who already knows you. On the other, there is a good chance of getting a better deal and saving more money if you shop around.
Loading more commentsSince you don't have facebook, please provide us with your location and a valid email address so we can answer it. Without a valid email address,we can't reply. (Go back to login with Facebook)
Due to the high volume of comments received, we cannot publish and/or respond to every comment received. If you have a specific question, we recommend you search our site for an answer before commenting.
* Bills.com will not share, sell, lend, or make public your e-mail address. We reserve the right to delete any questions or comments that violate the Bills.com terms of service.
We get a lot of comments! To help us show our boss that this is a valuable service, so we can keep providing it, we ask you to do 2 things before commmenting:
Log in
Like us
Submit your comment!
Due to the high volume of comments received, we cannot publish and/or respond to every comment received. If you have a specific question, we recommend you search our site for an answer before commenting.
* Bills.com will not share, sell, lend, or make public your e-mail address. We reserve the right to delete any questions or comments that violate the Bills.com terms of service.
Thank you for your comment. Your comment will be posted shortly.
No Comments