Massachusetts Mortgage After Bankruptcy 3 Of The Most Expensive Mistakes You Can Make

Massachusetts Mortgage After Bankruptcy - 3 Of the​ Most Expensive Mistakes you​ Can Make
Massachusetts has state laws that prevent predatory lending practices,​ but when refinancing after a​ bankruptcy,​ it​ can still happen.
Everyone makes mistakes,​ but when it​ comes to​ refinancing after bankruptcy,​ mistakes can get expensive .​
To make sure you​ don't cost yourself any unnecessary hard earned money,​ it's better to​ learn from some of​ the​ errors that other people have made .​
Here are some of​ the​ most common mistakes associated with refinancing a​ Massachusetts mortgage after bankruptcy:
Not Taking Steps to​ Repair Credit Before Refinancing
With a​ low credit score,​ you​ are guaranteed to​ pay more for your Massachusetts mortgage refinance after bankruptcy .​
If you​ can afford to​ wait for a​ few months to​ take time to​ repair your credit,​ you​ should .​
You will qualify for much better rates and terms .​
a​ lower rate could save you​ thousands of​ dollars over the​ life of​ your loan.
Choosing the​ Wrong Lender
Your post-bankruptcy refinance is​ only as​ good as​ the​ lender you​ choose to​ work with .​
If you​ get bad rates,​ bad terms,​ and bad service,​ you​ could pay for it​ for years to​ come .​
Always take time to​ find the​ right lender to​ work with .​
If you​ catch a​ few small ways that the​ lender has tried to​ cheat you​ .​
If you​ continue to​ work with a​ lender that has been dishonest,​ you​ may find after closing that the​ lender has cheated you​ more than you​ thought.
Not Negotiating for Cheaper Closing Costs
Closing costs for Massachusetts refinance loans average $3,​143 .​
If you​ want to​ pay less than that when closing on​ your Massachusetts mortgage refinance,​ you​ should try to​ negotiate with your lender to​ see if​ you​ can have certain fees waived .​
Lenders don't usually advertise the​ fact that they will negotiate when it​ comes to​ closing costs,​ but almost all of​ them will if​ the​ borrower brings it​ up.

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