Mortgage Refinance Basic Steps

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Step 1: Should You Refinance Your Mortgage?
- There are many situations where home loan refinancing can be a benefit to you. From saving thousands, consolidating debt to tapping into your home equity, refinancing could be the solution to your problems. Read our article Should I Refinance My Mortgage to see if refinancing your home loan is for you. You can also use our Refinance Loan Calculator to see if the numbers add up and it is in your best interest to refinance.
Step 2: Be Aware of the Dangers of Mortgage Refinancing
- As in any industry there are some bad eggs in the mortgage broker community. These dishonest brokers put their personal profit before your financial well being. To make sure you don't get ripped off make sure you read our article Dangers of Mortgage Refinancing and become aware of the how to avoid this potential pitfall.
Step 3: Learn How to Pick the Best Mortgage Broker
- To get the best mortgage refinancing deal you need to deal with an honest broker that genuinely has your best interest in mind. These brokers usually follow certain practices when dealing with their customers. Read our article How to Pick the Best Mortgage Broker to find out what these practices are.
Step 4: Understand the Different Mortgage Loan Types
- Home loans come in many shapes and sizes. Each home loan type serves a different purpose. What loan is best for you depends on your situation, and the reasons why your refinancing your mortgage. Flexibility and having the option to repay your mortgage faster might be more important than having stability of your repayments. Read this list of the most common Home Refinance Loan Types to understand what your options are.
Step 5: Find a Mortgage Broker
- Armed with this essential home refinance information you can now safely find a broker to refinance your home loan. If you want, feel free to take advantage our Refinancing Right team's hard work and use one of our Recommended Brokers.

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Featured Refinance Rates as on January 22, 2019 from our Top Lenders

Mortgage Refinance Basic Steps

Step 1: Should You Refinance Your Mortgage?

Step 2: Be Aware of the Dangers of Mortgage Refinancing

Step 3: Learn How to Pick the Best Mortgage Broker

Step 4: Understand the Different Mortgage Loan Types