The 17 Most Misunderstood Facts About Best Mortgage Companies In Colorado For Refinance

Why refinancing is a bad idea?
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  • SCL Mortgage Home.One of the best reasons to refinance is to lower the interest rate on your existing loan Historically the rule of thumb is that refinancing is a good idea if you can reduce your interest rate by at least 2 However many lenders say 1 savings is enough of an incentive to refinance.

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Origination fees The mounds of paperwork you'll face when closing on your mortgage refinance come at a price Lenders often charge origination fees to cover the cost of processing your loan and obtaining a credit report These origination fees.

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