Mortgage companies have an advantage over you when applying for a home mortgage refinance loan. They know the wholesale interest rate you qualified for and how much they are overcharging you for that loan. What your mortgage company doesnt want you to know is how to avoid paying retail markup of your mortgage interest rate. Here are several tips to help you improve your application and avoid paying markup of your home mortgage refinance loan interest rate.

Home Mortgage Refinance Loan: Check Your Credit First

Before you apply for a new home mortgage refinance loan it is important to review your credit records for errors. There are three credit reporting agencies that maintain your credit records and these credit reports are frequently prone to errors. Your credit score is based on the contents of your credit reports; any inaccurate information will significantly reduce your credit score and affect the interest rate you will qualify for.

You can improve your credit score by making all of your payments on time for at least six months before applying for a new home mortgage refinance loan. Maintain low balances on your credit cards and avoid opening new credit accounts before refinancing your home mortgage loan. If you found errors on your credit reports you will need to dispute the error with each credit agency and allow enough time for the correction to be reflected in your credit score.

Home Mortgage Refinance Loan: Watch Out for Retail Markup

What your Mortgage Company or Broker doesnt want you to know about your home mortgage refinance loan is that they mark up your interest rate to boost their revenues. They do this because the wholesale lender pays them a bonus for overcharging you for your home mortgage refinance loan. How do you avoid retail markup of your interest rate? Ask to see the original home mortgage refinance loan rate guarantee from the wholesale lender. Compare it to the interest rate guarantee you received from the Mortgage Company or broker. If your Mortgage Company refuses to show you this guarantee, find another company that will.

You can learn more about home mortgage refinance loans and how to avoid overpaying by registering for a free mortgage tutorial.

To get your free mortgage tutorial visit RefiAdvisor.com using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. For a free copy of "Mortgage Refinancing - What You Need to Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com.

Claim your free mortgage refinance information guide today at: http://www.refiadvisor.com

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