Getting a Mortgage Refi : Kick the Tires!
By Roberto Gonzalez, Hagerstown Commercial Real Estate
(RG Realty Inc)
Getting a Mortgage Refi in: Kick the Tires! Getting a mortgage refinance has seldom looked more attractive than it does this October. Ads for seemingly ridiculously low teaser rates are popping up all over the place -- and even if the closing costs are hefty (many aren’t), the underlying rates make them all but irresistible. But do you qualify? Some folks don’t realize that a refi can be just as tough as getting a mortgage in Hagerstown in the first place. Or tougher. One client has a stunning property, top credit, and a guaranteed income stream that was more than adequate to fund the refi. She put together all the required paperwork, hosted an inspection (the inspector told her, ‘this is the finest property in the area’), and then waited a week before being told she had failed to qua...
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