Home Mortgage Refinancing 101

August 17, 2012

I have some exciting news! I wanted to let you know that amidst all of the negative economic news, home loan rates have actually rallied and reached near record low levels. My team is having a lot of fun helping our clients take advantage of this opportunity!

What does this mean to you?

You could reduce your monthly payment and interests costs, shorten the term of your loan or even borrow additional funds for alternate expenses or investment options.

If you’re looking at being in a home short-term or carrying a mortgage short-term, then there is some very attractive short-term money available. It’s really kind of surreal to be writing about interest rates this low!

One possible option, which has become a very popular strategy, involves refinancing to a shorter-term loan for a payment that is comparable to your current payment. This is a great way to take advantage of the interest rate differential. Another popular option is the “no-cost refinance,” which is just as good as it sounds! Feel free to contact me to discuss whether or not one of these options might benefit you.

If you are like some who have been concerned with home values declining, I want you to know that there are programs available that allow you to still take advantage of today’s low interest rates. If this applies to you, then I’d welcome the opportunity to chat.

One thing is for sure, you don’t want miss this chance to save money. If you’ve already taken advantage of the historic rates that have been offered, then why not spread the good word to your friends, family, co-workers and neighbors? We love meeting new clients!

Please don’t hesitate to contact me with any thoughts or questions—and of course to see what options might exist for you.