With home values high, and mortgage rates low a refinance could save you money!
Now is a great time to ask yourself, "Should I Refinance?".
My answer to that question is: House values are up, and mortgage rates are down! So, yes maybe you should!
Reasons to consider Refinancing now:
If you purchased a home with a small down payment , and paid PMI or FHA insurance, then higher home values and lower mortgage rates create an opportunity to lower your payment even if you just purchased last year!
Switch to a 15 year from a 30 year. The payment may be a bit higher but the savings will be huge!
If you have a lot of equity, we can use it to pay off other debts such as credit cards and car payments; this could really help your monthly cash flow !
Reach out to me to see if refinancing makes sense for you! You can call or send me an email and I can provide an objective analysis to see if a mortgage refi makes sense for your situation.
I have been a mortgage lender since 1992 and have helped hundreds of people refinance. With rates this low, it is something to consider!
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