Excite Mortgage Center
Top Ten Mistakes Refinancers Make
  1. They keep waiting for interest rates to bottom out.
  2. They refinance before interest rates drop 2 percent below the rate they currently pay.
  3. They haven't built up enough equity.
  4. They underestimate closing costs.
  5. They don't negotiate such closing costs as title search and title insurance.
  6. They forget about the prepayment penalty on their first mortgage.
  7. They place an inflated value on their home.
  8. They don't know how long they will remain in their home.
  9. They underestimate the monthly payments of shorter terms.
  10. They don't crunch the numbers.
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REFINANCING GUIDE
STEP 1 - Refinancing
STEP 2 - Closing costs
  STEP 3 - Top 10 mistakes