http://www.fixedraterefinance.com/refinance/rate/ The refinance rate you need should provide significant savings from your current mortgage. No matter why you are looking to refinance, the refinance rate you agree on must be low. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 How much you control... The refinance rate you need for a successful transfer of your loan obligation must generate savings over your current mortgage rates. It sounds simple enough, just look for the lower refinance rates out there today and grab the lowest of them all. That works, but not for everyone - depending upon what you need and what you can offer your refinancing lender in exchange. What you need in a refinance rate The refinance rate you will see offered today are very similar if not identical to the rate offers on initial mortgages. A refinance is in principle a first mortgage - the same financial obligations for similar amounts of finance - but the one key difference is you already have a mortgage! For most of us a mortgage refinance is something that would make our lives a lot easier, but it isn't something we need and we can afford to shop around for the very best opportunities. So shop, shop for the refinance rate that best suits your financial wants: if you want more stability in your mortgage apply for a fixed rate refinance. The rates might be a little higher than if you were to go adjustable, but then again you aren't looking for necessarily low rates but stable rates that will stand firm against rate increases. if your monthly payments are getting out of control - because of rate increases or due to the end of an interest-only term - find a refinance rate and terms that will ease your monthly obligations. This may extend the life of your loan - and it may also make your mortgage as a whole more expensive - but it will ease your monthly demands and might just keep that roof over your head. And you have some control over the refinance rate you agree on with your new lender. Flash around your home equity and brag about stable monthly payments. Tell every lender you are considering options from other refinance companies. Make the lender offering you a refinance want to refinance your loan - sell yourself, sell your financial responsibility. Sat, 26 Jul 2008 15:00:00 EDT http://www.fixedraterefinance.com/refinance/rate/fixed-rate-refinance/ A fixed rate refinance is not the only refinancing option, but its the better one. Most people are looking for savings and stability when they look to refinance - the fixed rate refinance has both. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0