Compass Mortgage Blog
Five Dumb Refinance Mistakes
5 Dumb Refinance Mistakes
When refinancing a mortgage, smart people can do stupid things. But smart people can also get informed and avoid costly errors. Here are five stupid refinance mistakes and the smart ways to avoid them:
1. Assuming your home’s value hasn’t dropped
2. Refinancing with your current lender without rate shopping
3. Skipping your mortgage payment during escrow
4. Making purchases on credit
5. Overestimating self-employment income
