Q&A: Refinancing my home mortgage. What do I need to ask the mortgage companies ?

by stirwise

Question by Caesar: Refinancing my home mortgage. What do I need to ask the mortgage companies ?
I presently have a 5.375 – 30 year fixed rate mortgage and my credit score is in the “Grade A”, excellent category . I have spoke with several lenders and I’m getting more confused. I need your help to know the right questions to ask so I can compare apples to apples. Who are the best and safest lenders? I don’t want to give my telephone number to any more lenders because they call me all the time. The more they talk the more confused and flustered I get. I would prefer to communicate with them via-email and give them my list of questions. Please give me a list of the most important questions I need to ask before choosing to refinance so I can get a “real comparison” and not a bunch of double talk and sales gimmicks.
Thanks for your help!
Ron

Best answer:

Answer by bud68
5 3/8 % is not that bad. Why are you refinancing? What will is cost, how long will it take to recover the refi costs and how long will you own the home?

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