Are you wondering how this hot real estate market could benefit you if you aren’t interested in moving right now?
Well, with historically low interest rates, now might be a great time to refinance your mortgage!
You might be able to lower your monthly payment and even eliminate mortgage insurance if you have it. Plus, with the increase in home values the last few years, you may be able to capitalize on some of your home’s equity to do some remodeling or use it for a down payment on an investment property. So many options!
Bankrate.com states, “The best time to consider a mortgage refinance is when interest rates sink below the level they were when you closed on your original loan. As a rule of thumb, it’s worth considering a refinance if you can lower your interest rate by at least half a percentage point and you’re planning to stay in your home for at least a few years.”
Does this apply to you?
If so, call or email us and we’ll forward the contact information for our great lender partners who will take excellent care of you throughout the process!