California Refinancing - How to Choose the Right Mortgage Broker

Louie Latour
 


Visitors: 130

Choosing the right mortgage broker to refinance your California mortgage can save you time, money, and aggravation. Mortgage brokers have extensive contacts in the mortgage industry and can often provide access to loan offers you wouldn’t find on your own. The problem with using a mortgage broker is that most are paid by commission and the mortgage that gives your broker the largest commission probably isn’t the right loan for you. Here are several tips to help you avoid paying too much when refinancing your California mortgage with a broker.

When shopping for a mortgage broker you need to find a broker that knowledgeable, honest, and willing to work with you. Most importantly, you need a mortgage broker that will not charge you Yield Spread Premium. This markup of your mortgage interest rate serves only to boost the mortgage broker’s commission. During the first discussion you have with a potential mortgage broker, tell the broker you understand Yield Spread Premium and will not accept a mortgage that includes this markup. Tell your broker that you will pay all necessary closing costs and a reasonable origination fee for their services, but will not tolerate lender paid compensation.

Finding the right broker to refinance your California mortgage means choosing one that will provide you the necessary guidance, information, and loan offers that are right for your situation. If your broker seems hesitant to answer questions or return phone calls you should concentrate on finding a broker that will. You can learn more about your California mortgage broker options, including costly mistakes to avoid with a free mortgage tutorial.

To get your FREE six-part Mortgage Refinancing Tutorial, visit using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this free video tutorial: “Mortgage Refinancing - What You Need to Know, " which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit .

Claim your free mortgage refinancing tutorial today at:

California Mortgage Broker

(364)

Article Source:


 
Rate this Article: 
 
Refinancing Your Mortgage to 100% in California
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Mortgage Broker Refinancing – You Mortgage Broker’s Dirty Little Secret

by: Louie Latour (November 10, 2006) 
(Real Estate)

California Mortgage Refinance: Find the Best Mortgage Loan When Refinancing in ..

by: Louie Latour (October 04, 2006) 
(Real Estate)

Mortgage Broker Refinancing - How to Outsmart Your Mortgage Broker

by: Louie Latour (November 16, 2006) 
(Real Estate)

Understand Your Mortgage Broker When Refinancing Your Home Mortgage Loan

by: Louie Latour (January 16, 2007) 
(Real Estate)

How to Find the Right Mortgage Broker When Refinancing Your Mortgage

by: Louie Latour (August 17, 2007) 
(Finance/Mortgage Refinance)

Mortgage Refinancing With an Upfront Mortgage Broker

by: Louie Latour (January 03, 2008) 
(Finance/Mortgage Refinance)

Refinancing Your Home Loan With a Mortgage Broker

by: Louie Latour (June 15, 2007) 
(Finance/Mortgage Refinance)

Home Mortgage Refinancing Choosing a Broker

by: Alan Lim (June 30, 2008) 
(Finance/Mortgage Refinance)

Mortgage Broker Refinancing - How to Avoid Overpaying

by: Louie Latour (April 03, 2007) 
(Real Estate)

Refinancing Your Mortgage to 100% in California

by: J. Hale (December 01, 2006) 
(Real Estate)