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It’s a Great Time to Refinance

Posted on | July 5, 2010 | No Comments

With unbelievably low interest rates that we have seen over the last two weeks it’s a great time to get your mortgage refinanced. If your current interest rate is more than 5.25 and you intend to stay in your home for at least the next five years, you should call a mortgage loan officer and see what a refinance would do for your mortgage payment. If you have a FHA loan, call and see if you qualify for a streamline refinance.

Even if you are okay with your payment on your 30 year fixed mortgage you may be able to pay very close to what you are currently paying and qualify for a 15 year fixed mortgage. This alone can cut out an amazing amount of interest that you would pay over the years. It is at least worth looking at because we may never get back to these amazing rates again.

Category: Mortgage Market
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"I was very nervous since this was my first house. Taylor was great! I never had to call him because he kept me informed through the entire process. I don't think I could have had a better experience." - Al K.

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