California Mortgage Refinancing - How to Find the Perfect Mortgage Online

By Louie Latour

The Internet is an excellent tool for refinancing your California Mortgage Loan. There are however, a number of pitfalls you should be aware of when refinancing your mortgage online. Here are several tips to help you avoid overpaying for your next California mortgage loan.

When refinancing your California mortgage on the Internet you need to be aware of the “Computerized Loan Origination Fee” charged by many mortgage websites. This is a fee you will be required to pay if you enter your contact information into a form on many sites claiming to get lenders competing for your California mortgage loan. Most of these websites have absolutely nothing to do with mortgage loans and exist only to collect your contact information and sell it to mortgage lenders and brokers. The problem with Computerized Lending Fees is that by the time you find out you’ve agreed to pay the fee it’s too late to avoid paying.

How much could you have to pay if you agree to this Computerized Loan Origination fee? In the case of one well known mortgage site this fee will cost you as much as $1,200 in addition to the settlement charges you will be required to pay at closing. That’s right, $1,200 out of your pocket because you filled out a form on a website you thought was helping refinance your mortgage loan.

How can you avoid paying this fee when refinancing your California mortgage loan? Before giving out your contact information check the mortgage website for their licenses and disclosure information. The origination fee will be disclosed in the disclaimer provided by the website. Read the fine print carefully as it could save you thousands of dollars on your new loan. You can learn more about your California mortgage refinancing options, including costly mistakes to avoid with a free mortgage tutorial.

To get your FREE six-part Mortgage Refinancing Tutorial, visit RefiAdvisor.com using the link below. Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. To get your hands on this free video tutorial: "Mortgage Refinancing - What You Need to Know," which teaches strategies for finding the best mortgage and saving thousands of dollars in the process, visit Refiadvisor.com. Claim your free mortgage refinancing tutorial today at: http://www.refiadvisor.com California Mortgage Refinancing Article Source: http://EzineArticles.com/?expert=Louie_Latour