How to Negotiate Lower Refinance Rates
Negotiating interest rates for a mortgage refinance happen just like regular negotiations. Both sides give and take a little, and when both sides reach an agreement, they sign on the dotted line. Make sure you get the best possible refinance with a combination of a great credit score and written offers from other companies.
Get Your Credit Report and Credit Score
You get one free credit report per year. Examine it closely for any outstanding debts you can pay off or old lines of credit you no longer use. Call the big three credit bureaus and find out exactly how to get something taken off your credit report once you take care of a debt. For example, if you owe $300 to Acme Brick and paying off the debt increases your credit score by 10 points, that extra 10 points may put you in a lower interest rate bracket that can save you thousands of dollars down the road.
Obtain your credit score