Do you have a friend or family member who is thinking about buying a home, or refinancing their current home? I build my business by referral, so if you know of someone who could use the expert advise of a mortgage lender or finance officer please don't hesitate to give me call. I'd be more than happy to provide a FREE Consultation.
With interest rates still at historic lows, you might want to consider refinancing your home. However, there are a few factors to consider when making this decision.
If you take a look at these graphs you can notice a trend between the 30 Year fixed Finance and the Refinance Index. For the most part, when one is up the other trends down. In 2014, as the 30 Year fixed finance trends upward, you'll notice that refinancing has steadily lowered itself to a rate around 3.75%
This then begs the question: Is it time for you to refinance? Well, the answer is not so simple as 'yes' or 'no'.
Some crucial factors in deciding this are your current interest rate, and whether or not you have mortgage insurance, and also if there is a program for you to get rid of your current mortgage insurance.
If you're unsure about what to do, feel free to contact me, because interest rates are still very low right now. I am more than happy to help assess your situation and see if you should take action or not.
I'm more than happy to help you make this important decision. Please contact me at (215) 591-0222 x 1630 or at www.therightloanforyou.com
