Best Ways a Mortgage Lender Can Help You Save Money?
A mortgage lender can help you in many ways to save money on your mortgage. Here are five ways a mortgage lender can help you save money: 1. Get the best mortgage rate possible. A lower mortgage rate means you'll have more money to put towards your mortgage principal, and less interest to pay over the life of your loan. 2. Help you choose the right mortgage term. The longer the term of your mortgage, the more interest you'll pay over the life of the loan. A mortgage lender can help you choose a shorter term if it makes financial sense for you. 3. Refinance your mortgage at a lower rate. If interest rates have gone down since you originally took out your mortgage, refinancing at a lower rate can save you money. 4. Get rid of mortgage insurance. Mortgage insurance is required if you put less than 20% down on your home, and it can add to your monthly mortgage payment. A mortgage lender can help you get rid of mortgage insurance when you refinance. 5. Help you avoid common mortgag...