Susie Skog knows Lake Norman Real Estate Inside Out

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If you can find a lower mortgage rate than the one you already have, then refinancing a mortgage can make sense. Here are some of the best ways to get a low rate:

Raise Your Credit Score
For a conventional loan, borrowers with a credit score of 740 or more will usually get the best interest rates. Having a minimum credit score of 620 will often lead to a higher rate. Raising your credit score can help. Some methods take longer than others, but improving your score is one of the best moves to make when refinancing a mortgage.

Start by paying your bills on time, which has the biggest impact on a credit score. You can also improve your credit utilization, meaning using less of the credit available to you on your credit cards.

For example, if you have three credit cards with a total credit limit of $10,000, but all of the card balances add up to $5,000, your credit utilization rate is 50 percent. Ideally, it should be under 20 percent to get the best mortgage rate. The credit utilization rate can be dropped by paying down the credit card balance, using less of the credit available or getting a higher credit limit.

Lower Debt
Reducing your debt-to-income ratio, or DTI, by paying down your credit card balance is another big way to improve a credit score. A DTI of 36 percent or lower is preferable. To lower your debt, put off big purchases, such as a new car or appliances, until after youve refinanced your mortgage.

Shop Around
Dont refinance with the first lender you find, or even with your current lender. There are many loan products available, and many lenders that offer them.

Research what national banks, credit unions, community banks and your current lender offers for mortgage refinances before choosing one thats right for you. Some lenders may have in-house loans that they dont sell on the open market that are more flexible and have better rates and terms than other lenders.

Be sure to pick a lender that youre comfortable with and trust, and dont just focus on the interest rate. The lender you choose will be helping you with one of the biggest financial transactions of your life, and you want to work with someone who has your best interests in mind.

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Here are four of todays most exciting wellness features that are finding their way into high-end homes.

Cryotherapy Chamber
This treatment, which entails exposing yourself to temperatures as low as -250 F for a few minutes can relieve muscle and joint pain, rejuvenate skin and boost energy levels.

Himalayan Salt Room
Breathing salty air is said to help improve the immune system and relieve symptoms of certain respiratory conditions, like asthma and allergies.

Sensory Deprivation Chamber
While floating in total darkness for a few minutes many people experience a state similar to deep meditation that delivers relaxation and clarity.

Infrared Sauna
Using infrared lights, the body is directly heated, but the air is not, which some find to be a more pleasant experience.

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Do you have a blank wall with no idea what to put on it? Rethink the boring family photo with these interesting ideas.

Get wordy. Whether youre a logophile or are just looking to amp up the playful vibe of your space, adding large text to your wall can be innovative and inspirational. You can purchase a variety of word hangings online, or create your own with stencils for a literal conversation starter right on your own wall.

Create a mirror collage. We all know a mirror on the wall can open up a room and throw lots of luscious light. But by using many smaller mirrors to create a pattern or design, you can add the benefit of a unique, boho vibe. Choose mirrors in various shapes or with different frames.

Hang a rug. Remember the old tapestries of your dorm room? Hanging a nice, well-made floor rug on the wall is the adult version of this decorating phenomenon. Whether you want a bold color pop or a bright design, pick a blank wall and go wild.

Vertical plants. Snag some aesthetically pleasing wall planters or sconces and create a botanical masterpiece by popping in your favorite succulents or hanging plants.

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Cutting down on energy use is great for the environment. It can also save you big bucks. Alternative energy proponent IGS Energy suggests four green and easy ways to do both:

Minimize ‘phantom loads.’ The term ‘phantom load’ refers to the energy that an appliance or electronic device consumes when it is not actually turned on. According to theU.S. Department of Energy(DOE), some 75 percent of the electricity in an average home is used to power electronics while the products are off. A report from the University of California Berkeley says thatphantom loads account for about six percentof all residential electricity consumption. You can eliminate phantom loads by unplugging appliances and electronics when you are not using them or by plugging them into a power strip and turning the strip off when they are not in use.

Upgrade your appliances. When shopping for new appliances, look for the Environmental Protection Agencys Energy Star label. These appliances use less energy and water than their conventional counterparts. They may cost more than appliances without the Energy Star designation, but, in most cases, they will more than make up that additional cost through energy savings.

Change your lightbulbs. One of the least expensive and most effective changes you can make in your home is replacing your light bulbs with compact fluorescent light bulbs (CFL), which cost just a few dollars more and will save about $30 in energy costs over their lifetime. CFL bulbs use 75 percent less energy and last about 10 times longer than incandescent bulbs. Some people are concerned because CFLs contain mercury, but Energy Star says CFLs do not release any mercury when in use, and actually reduce mercury emissions because they lessen the need for electricity from power plants that emit mercury.

Install a programmable thermostat. These thermostats automatically adjust your homes temperature to your schedule, keeping it comfortable only when you need it to be. If you dont already adjust your thermostat throughout the day, a programmable thermostat could save you as much as 15 percent on heating and cooling costs.

Published with permission from RISMedia.