Rates Are Low. Is Now A Good Time To refinance?
Carefully assess your financial situation and goals before making any final decision. Answer the following questions:
1. Is your goal to lower your monthly payments?
2. Do you need to consolidate debt?
3. Do you need cash for large purchases?
4. Are you seeking to adjust your interest deduction expense for tax purposes?
Once you determine your reason for refinancing consider the amount of cash back your require. Using a mortgage refinance calculator determine the amount of savings per month and annually according to lowest available refinance rates. Seek lenders who offer the lowest refinance rates nationwide.
When should I refinance my current mortgage loan?
Should I refinance my home loan if I plan on moving soon?
What are points?
Should I try to pay as many discount points as possible to lower my home loan’s interest rate?
What does it mean to lock the interest rate on a home mortgage loan?
Should I lock-in my loan rate when I apply for a home mortgage loan?
I’ve had credit problems in the past. How does this impact my chances of getting a home loan?
What is a FICO score?
I’ve only been late a couple of times on my credit card bills. Does this mean I will have to pay an extremely high interest rate?
How can I tell who has the best deal on financing and home refinancing rates?
Should I choose the lender with the lowest interest rate and costs?