DISPELLING REFINANCING MYTHS

Dated: 02/13/2018

Views: 20

"Refinancing" is a scary word for many people, but that shouldn't be the case for you.  For many homeowners, refinancing can not only lower your monthly payments and help with your monthly budget, but it can save you thousands of dollars in the long run.

YOU'RE NOT TOO LATE.

For years now, we've been hearing that interest rates will be on the rise and although there have been some small increases, you are still in a great position to drastically lower your interest rate.  The general rule is if your mortgage interest rate is more than one percent above the current market rate, you should consider refinancing.

IT'S NOT TOO TIME CONSUMING.

Don't brush off refinancing just because it seems like a long and daunting process.  An informational call with a lender to see how rates compare will only take a few minutes. There are also some programs for streamlining the application process.  And besides, isn't the amount of money you could save worth the time and effort?

ARMS CAN BE REFINANCED TOO.

 Seeing your Adjustable Rate Mortage (ARM) increase after the introductory period can be incredibly stressful and place a squeeze on your budget.  Many people assume they're stuck, but ARMs can be refinanced, just like fixed-rate mortgages.  You can even switch to a shorter term fixed-rate mortgage, such as 15 or 23 years.  The longer you're planning to stay in the home, the more sense it makes to look into refinancing.

Image title


Latest Blog Posts

DISPELLING REFINANCING MYTHS

"Refinancing" is a scary word for many people, but that shouldn't be the case for you.  For many homeowners, refinancing can not only lower your monthly payments and help with your monthly

Read More

HOW TO SELL YOUR HOUSE FAST

A guide, how to prepare your home to sell quickly at the best price possible.Prepare Your Home To ShowRemove ClutterFirst of all, no matter what anyone says,  it is difficult to sell a.

Read More

5 NEGOTIATING TACTICS THAT KILL SALE

Negotiation is a subtle art in real estate, but skilled negotiators can usually find some common ground that satisfies all parties.  On the other hand, using the wrong negotiation tactics can

Read More

WANT TO KNOW WHAT YOUR HOME IS WORTH

Selling a home can be stressful!  I realize that is an obvious statement, but just in case you are not aware, selling a home can be stressful.  The time involved in getting it ready for

Read More