Why I write on home equity loans
Getting a mortgage with an adjustable rate and the option to lock in rates during a grace period is also a good idea, but weigh the likelihood that rates will drop again during your mortgage's grace period. You may find that giving up your chance at new market lows in the coming year is a small sacrifice compared to the rates you can get for certain if you choose a fixed rate mortgage right now. * Don't wait to start improving your credit score. Your credit score will be a strong factor in the interest rate you're offered, and it takes time to improve a credit rating, so if you plan to do a mortgage refinancing soon, you have no time to waste. Starting immediately gives you the longest period to show improvement and assures lenders that you are serious about becoming a better creditor.