# Re-finance Mortgage?

**URL:** <https://boards.straightdope.com/t/re-finance-mortgage/183047>\
**Category:** Factual Questions\
**Created:** [June 20, 2003, 12:06am UTC](https://boards.straightdope.com/t/re-finance-mortgage/183047 "2003-06-20T00:06:49Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![MaryEFoo](https://avatars.discourse-cdn.com/v4/letter/m/ba8739/32.png) [@MaryEFoo](https://boards.straightdope.com/u/MaryEFoo)\
**Post date:** [June 20, 2003, 12:06am UTC](https://boards.straightdope.com/t/re-finance-mortgage/183047/1 "2003-06-20T00:06:49Z")

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I might go for a re-fi. The advertised rates are almost 2% below my current APR–but likely there will be some reason the actual rate offered will be higher.

So, how can I check out this outfit that contacted me (Colony Lenders)?

How can I get some competition for their bid? Does anyone have a lender or mortgage broker to recommend?

Pitfalls to avoid, or good moves to make?

I don’t expect to sell this house until I get old enough to stop maintaining it, and move into a small comfortable unit downtown within walking distance of bookstores, coffee shops, cinemas, crotchety oldtimers, and young upstarts.

I’m off to [http://www.myfico.com/](http://www.myfico.com/) to see my score.