Look around when refinancing your home. Often people cant be bothered to shop around,sticking instead with there current lender believing they will be easier to work with and hassle free.A common misconception is many people think there current lender has the best rates and programs,in most cases, they dont!Most loans are sold on the secondary market and have to be approved independently,even if you have been good at making payments to your existing lender, they'll still have to process the verifications all over again.
Option A
New Mortgage
You are looking for a new mortgage for a new home
Option B
Existing Mortgage
You are looking to get a better deal on your mortgage
Option C
Borrowing Extra
You are looking to borrow more from your home equity