5 Refinance Tips for Borrowers

Sep 14, 2011 by

5 Refinance Tips for Borrowers

As homeowners rush to take advantage of the lowest mortgage rates in history, it’s easy for them to get lost in the refinance stampede. That’s why it has never been so crucial for borrowers to stay on top of their game after they submit loan refinance applications. 

Banks, brokers and underwriters are overwhelmed with the significantly higher volume of refinance applications they have received since mortgage rates recently tumbled. Lenders that used to ask for 30 days or less to close on a refinance loan now say they need at least 45 days and in some cases 60 days. That is — if all goes as planned. Read More


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