Drop Bad Lenders

After the financial crisis, many consumers are leery of banks and lenders. Just remember this: if your lender is too demanding, keeps bothering you or seems shady, drop that lender. That’s what I did when I first went to refinance last year and wound up with a lending company clerk calling me at all hours of the day to make demands.

“I literally withdrew the loan from being harassed,” my sayings. There are lots of lenders out there – find one who wants to do business with you and who doesn’t charge a commitment fee.

When you do, I say, it’s a good time to lock-in the rates, as they are expected to rise the further along we get into the year.