“CASH OUT” & RATE-AND-TERM REFINANCES
When mortgage rates drop, there’s not a homeowner in the country who wants to miss the opportunity to improve their financial circumstance.
Maybe they heard about low rates from a friend or co-worker; or some guy at Starbucks, but missing a chance to lower your mortgage rate can hurt.
Just make sure that when you start your refinance research, that you’re doing it for the right reasons. You have to be clear with yourself about what you want to accomplish.
Yes, I said accomplish.
Refinancing may seem an obvious pursuit when interest rates are low, but refinancing can do more than just lower your monthly payment. Refinancing your mortgage can be the path to reaching other financial goals, too — ones which don’t mortgage rates to be ultra-low.
Before you start your refinance, determine your single, specific goal, then determine whether refinancing your mortgage will help you materially achieve that end.
Our Free Refinance Advisor has been designed to help narrow down options based on your individual needs. It’s quick, it’s easy, and the more questions you answer – the more accurate your results. You’ll receive the Refinance information you need instantly without all the calls and emails!