Monday, January 12, 2009

Beware of Re-Financing Rip-Offs!

Are you thinking about re-financing your current mortgage?

Before you sign any paperwork or even get the process started, please contact me and let me take a few minutes to review your situation with you.

It's too easy right now with starving, fast-talking mortgage salespeople trying to tie you into a new loan that could end up costing you thousands of additional dollars.

You could lose hundreds of dollars in an upfront-paid, application fee if your loan doesn't go through!

Interest rates are near historic lows, but they can widely vary based on the type of mortgage program you qualify for, your credit score, your downpayment, an acceptable appraisal, etc.

I've heard stories about well-known mortgage lenders as well as mortgage companies I've never heard of before.

It's possible for you to:
  • NOT get the interest rate you thought
  • NOT be quoted the correct closing costs figures
  • NOT get the mortgage term you thought
  • NOT get the fixed rate program you thought
  • NOT get a competitive interest rate
  • NOT be told there's a pre-payment penalty

Let's see if now is really the right time and situation for you to re-finance your current mortgage. I want to make sure you don't get taken advantage of.

Please pick up the phone and call me at 615-1890 or email me at: dan@danweis.com.