Ditech : Refinance Mortgage Online: Why Refinancing Online Can Save You Money

If you are in the market to refinance your mortgage, shopping for a new mortgage online can save you a great deal of money. The Internet makes it easy to locate mortgage offers and find the best loan for your financial situation. Here are several tips to help you find the most competitive mortgage offer for your financial situation online.

Refinancing Your Mortgage Online Is Easy

The Internet makes it very easy to compare mortgage companies and their loan offers. After a quick online search you can locate hundreds of lenders competing for your mortgage. With very little effort you can quickly compare multiple offers and determine which one is best for your financial situation.

How to Compare Mortgage Loan Offers

When you compare mortgage offers it is important to compare all aspects of the loans you are considering, not just the interest rates. Many homeowners make the mistake of choosing the mortgage with the lowest interest rate; these homeowners often overpay for everything from lender fees to closing costs by neglecting to include these expenses in their comparison. When you compare loan offers always request a copy of the Good Faith Estimate from the lender for an itemized list of all expenses associated with the mortgage offer.