Patricia Solar

Think about a mortgage where you make payments bi-weekly. This lets you make extra payments every year and reduce your overall interest. It is a great idea to have payments can just be taken from your account.

Do not fiddle with your credit until your loan is completely closed. The lender will probably check your credit score and that could occur after a loan is approved. They can still take the loan back if you have since accumulated additional debt.

The right way to get a low rate with your current lender is by checking out what other banks are offering. Many lenders have lower interest rates than regular banks. You can let your financial planner to come up with more attractive offers.