Best Refinance
Tips to Get You the Best Refinancing Terms

Experienced loan professionals across the country agree that to get the best refinance loans there is a simple formula to follow to achieve your goals. Refinancing provides an excellent opportunity for homeowners to increase cash flow and reduce their monthly mortgage payment.

  1. Preparation: You should set financial goals and get prepared to fulfill the refinance requirements by submitting the requested documentation in an organized and timely manner. Utilize a mortgage calculator to quantify the potential saving from mortgage refinancing and commit to a budget monthly, quarterly and annually.
  2. Credit: If you want to guarantee yourself the best refinance rates, you should keep your credit score above 720. By maintain high credit scores you give yourself the best opportunities to qualify for a variety of mortgage refinance loan programs. For most homeowners the number one goal is to lock into lowest refinance rate possible to minimize the monthly housing expenses. We do provide alternatives for bad credit refinancing, but sometimes mortgage insurance is required and often lender restrictions and loan limits will prevent good borrowers from refinancing all because of a three digit credit score.
  3. Compare Lenders: Use good discernment when choosing a lender. It is critical to align yourself with competitive lenders that have established themselves in the mortgage marketplace over the years. Submit a completed loan application with income documentation like recent paystubs, W2's 1099's and tax returns for the last few years.
  4. Negotiate: When you are shopping for refinance loans, we suggest negotiating directly with the loan companies. It is a good idea to negotiate for best refinance rates and reduced fees and lending costs. Don't miss out on these record low rates by over-playing your hand though. Most top lender will lower or eliminate closing costs to earn your refinance business if you are organized and have reasonable requests.
  5. Pay Attention to the Details: The saying, the Devil is in the details" applies to refinancing. Verify the interest rate, APR, amortization schedule Make sure you get a loan that does not have a penalty for refinancing in the future or for early pay-off in case you sell your home or accelerate the monthly payments.
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The Nationwide lending team will guide you through the entire process of refinancing. Our mortgage consultants will advise you on practices to guarantee the best mortgage refinance experience because we will hold your hand from the pre-approval letter, to signing the final loan documents with a Notary of the Public.

We were pleased to recently announce additional mortgage relief from the new and improved Home Affordable Refinance Program that received significant backing from the Obama Administration. The HARP loans, FHA refinance and Federal mortgage programs have opened the door for millions of struggling homeowners that have been seeking mortgage help but had been unsuccessful. Most homeowners who are current on the mortgage are not eligible for a loan modification and until recently could not refinance either due to a lack of equity in their home.

Advice to Ensure the Best Refinancing Experience

  • Combine 1st and 2nd Mortgages together for one low mortgage from 95 to 100%
  • Cash Out Mortgage Refinancing for Funding Home Improvement Projects
  • No Pre-Payment Penalties with all FHA, VA and Conforming Mortgages
  • Reduced Closing Cost Options with "Zero Out of Pocket" Refinances

Another Refinancing Tip: You can borrow against the equity in your home when you need cash, with either a FHA refinance loan, traditional mortgage or a home equity line of credit, depending on your needs. All of these loans offer tax advantages that most other financing options don't offer.

Refinance Tools

Refinancing Calculator
Analyze the benefits of home refinance loans. Get help calculating the monthly payment and discover the net interest savings. It will also calculate how many months it will take to get a return on investments for the mortgage refinance costs.

Refinance House

Great Articles:
Best Time to Refinance
How to Refinance a Mortgage
When to Refinance a Home

Understanding Credit Scores

Client Testimonials


"We found out the hard way how difficult home refinancing had become in this recession, because some broker strung us along for 2 months promising us this unbelievable loan. And just like the Grand Ma’s saying if it sounds too good to be true it probably is. After 60 days, we received a letter from this company denying our loan application and the loan officer would suddenly not return our calls. A family friend referred us to nationwide and right from the start they took care of us. We received complete loan disclosures in the mail the next day and we locked our loan that same day as well. We were able to get the best refinance terms online and our interest rate is fixed for thirty years. We would like to extend a special thanks to Timmy and the loan processing team at Nationwide! - The De Souza Family

New Pages to Visit:
Federal Mortgage Programs
Best Refinance
Best Home Loans

Additional Refinancing Pages:
100% Refinancing | Bad Credit Refinance | Cash Out Refinance | Mortgage Refinance Rates | Compare Refinance Loans | Fixed Rate Refinancing | Low Closing Cost Refinance Loans | Low rate mortgage refinancing | VA Refinance | No Income Mortgage | FHA Refinance | Mortgage Refinancing | Home Loan Refinancing | Refinance Loans | Refinance Programs | No Fee Refinance | Home Affordable Refinance Program | Refinance Options for Homeowners in the US | FHA Mortgage Refinance
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. Nationwide is affiliated with a federally chartered bank located in Maryland licensed to offer home loans in all 50 states.
Copyright 2001-2011 and Beyond, Nationwide Mortgage Loans, All rights reserved. Do not duplicate in any form. Home Refinance Rates are subject to change. Check with loan officer regarding loan approval and rate lock.