{"id":15,"date":"2026-09-16T11:00:00","date_gmt":"2026-09-16T11:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/teddypendergrasscapital-com\/2026\/09\/16\/us-mortgage-refinance-myths-to-know\/"},"modified":"2026-09-16T11:00:00","modified_gmt":"2026-09-16T11:00:00","slug":"us-mortgage-refinance-myths-to-know","status":"publish","type":"post","link":"https:\/\/www.teddypendergrasscapital.com\/blog\/2026\/09\/16\/us-mortgage-refinance-myths-to-know\/","title":{"rendered":"US Mortgage Refinance Myths to Know"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/teddy-pendergrass-ii\/mortgage-refinancing-myths-0eaa\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>As The Loan Jedi, I\u2019ve seen how myths about mortgage refinancing can cloud decisions. Here\u2019s what I always tell clients: shopping around is essential\u2014pull at least three quotes on the same day and compare the APRs, not just the interest rates. This reveals lender fees and gives you better footing for negotiations. Remember, refinancing isn\u2019t free; closing costs typically run 2% to 5% of your new loan amount, so it\u2019s crucial to calculate your break-even point before taking the leap. A lower rate doesn\u2019t always mean you\u2019ll save money; if you restart the clock on a new 30-year loan, you could end up paying more in interest over time. Refinancing swaps your primary lien for a new one, so it shouldn\u2019t complicate a future sale, but cash-out options deserve extra scrutiny. Be prepared for a credit check\u2014having strong credit and a debt-to-income ratio below 36% helps you qualify for the best offers, and even if you\u2019ve been denied before, you can often improve and reapply. My approach always centers on finding the right solution for your unique situation, drawing on a wide range of loan options and expertise to guide you through every step.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As The Loan Jedi, I\u2019ve seen how myths about mortgage refinancing can cloud decisions. Here\u2019s what I always tell clients: shopping around is essential\u2014pull at least three quotes on the same day and compare the APRs, not just the interest rates. This reveals lender fees and gives you better footing for negotiations. Remember, refinancing isn\u2019t [&hellip;]<\/p>\n","protected":false},"author":482,"featured_media":16,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/posts\/15","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/users\/482"}],"replies":[{"embeddable":true,"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/comments?post=15"}],"version-history":[{"count":0,"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/posts\/15\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/media\/16"}],"wp:attachment":[{"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/media?parent=15"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/categories?post=15"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/tags?post=15"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}