If you are a property owner you need to contact a bank, mortgage broker, lender, etc. and find out your ability to refinance your property. Mortgage rates have dropped significantly and you don’t want to miss out on lowering your monthly payment or converting to fixed rate financing. While financing has become more difficult over the past year it is not impossible and it is much easier to refinance a property than get new financing on a purchase. Amid Rate Drops, Mortgage Applications Soar With interest rates approaching reaching historic […]

With the drop in interest rates many people are wondering if they should jump in and refinance their properties. There is a cost to refinancing and it is important to look at some numbers before refinancing to make sure you are better off with the new loan. There are four things you need to consider when refinancing- 1. How much your payment will decrease 2. How much it will cost to refinance (closing costs, points, etc.) 3. How long you plan on keeping the property 4. Are you refinancing to […]