{"id":17,"date":"2026-09-17T11:00:00","date_gmt":"2026-09-17T11:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/teddypendergrasscapital-com\/2026\/09\/17\/mortgage-refinancing-myths-and-costs-to-check\/"},"modified":"2026-09-17T11:00:00","modified_gmt":"2026-09-17T11:00:00","slug":"mortgage-refinancing-myths-and-costs-to-check","status":"publish","type":"post","link":"https:\/\/www.teddypendergrasscapital.com\/blog\/2026\/09\/17\/mortgage-refinancing-myths-and-costs-to-check\/","title":{"rendered":"Mortgage Refinancing Myths and Costs to Check"},"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-remotion-videos-2aff\" 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 someone who\u2019s helped clients navigate the ins and outs of refinancing across multiple states, I see a lot of misconceptions about what it really entails. Here\u2019s what I share with my borrowers: Don\u2019t stop at the first offer\u2014pull at least three same-day quotes and compare APRs, not just the headline rate. This is how you get a true picture of lender fees and boost your negotiating position. It\u2019s also essential to remember that refinancing isn\u2019t free. Closing costs are typically 2% to 5% of your new loan, so always calculate your break-even point before making a move. A lower rate might look appealing, but starting a new 30-year term can reset the clock and increase your total interest over time. Refinancing replaces your primary lien with a new one, which shouldn\u2019t complicate a future sale, but cash-out options call for extra caution. Expect a credit check\u2014strong credit and a debt-to-income ratio under 36% put you in a great spot for top-tier offers. And if you\u2019ve been turned down before, know that with the right guidance, you can improve and try again. My focus is always on helping clients find personalized mortgage solutions that truly fit their goals.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As someone who\u2019s helped clients navigate the ins and outs of refinancing across multiple states, I see a lot of misconceptions about what it really entails. Here\u2019s what I share with my borrowers: Don\u2019t stop at the first offer\u2014pull at least three same-day quotes and compare APRs, not just the headline rate. This is how [&hellip;]<\/p>\n","protected":false},"author":482,"featured_media":18,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17","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\/17","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=17"}],"version-history":[{"count":0,"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/posts\/17\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/media\/18"}],"wp:attachment":[{"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/media?parent=17"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/categories?post=17"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.teddypendergrasscapital.com\/blog\/wp-json\/wp\/v2\/tags?post=17"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}