Are you thinking of refinancing your current mortgage?
If you've thought about it, but are not sure, here are a few tips to help you when considering refinancing.
1. Reducing Your Mortgage Interest Rate.
That's always the first thing people think about. Reducing your interest rate can cut your monthly mortgage payment and that makes life a little easier.
2. Cutting the number of years off your mortgage:
Some people want to take their 30 year mortgage to a 15 year mortgage and lower interest rates can make that happen.
3. Getting some cash for home improvements or other things.
Sometimes people have equity in their home and they want to take some of that equity out to accomplish some other goals. That is also possible with a "Cash Out Refinancing."
With interest rates being so low right now, it's a great time to refinance.
If you have some questions or want to get some info, let me know: