In today’s current economic situation, some people would often tend to turn to finding the best refinance home mortgage loan rate there is. They do this to avoid the foreclosure of their homes and having to totally lose the ownership of that home. Remember that the moment the bank forecloses the property; whatever previous payments the previous owner has made will become worthless. You will have to forfeit your previous payments. Previous foreclosures that you may have seen on the news should give you a pretty good idea about how bad it can go. [Read more…]