Tell me about Refinancing
This is a simple fact about refinancing: if you can reduce your rate without it costing you anything you must refi and save yourself what may become thousands of dollars over the life of the mortgage. Many variables can interact with this truism. Call and we can discuss how they apply to you.
When Should I Refinance?
Refinancing has a number of benefits that often make it worth the up-front expenditure many times over.
The number of options available can be staggering but one of the biggest determining factors can be the time you expect to be in the house or have the mortgage.
Financing Closing Costs
There are basically two options to deal with closing costs without having to pay cash for them. What you do will depend on a number of factors.
Eliminating Mortgage Insurance
Refinancing to do away with mortgage insurance could be a good idea because of its limited tax deductibility.
I have an Adjustable Rate Mortgage (ARM) and it’s going HIGHER!
Do something about that Adjustable Rate Mortgage before it changes and goes up while the value of your home goes lower.