December 2016

There are 1 blog entries for December 2016.

Refinancing is a matter of crunching the numbers. The real question is, will it save you money? The answer lies in several factors, such as the new interest rate, the new mortgage term, the refi costs and how long you expect to own the property.

With the graduated monetary easing over the past decade, some property owners have refinanced two or more times to take advantage of interest savings. This is particularly beneficial for those utilizing the low initial rates of an adjustable mortgage loan; refinancing before the guaranteed rate ends is a good way to lock into a lower rate for a few more years. The key is to switch to a fixed-rate mortgage before interest rates begin an upward trend.

The nice thing about where rates are today is that the

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