REFINANCING MYTHS EXPOSED

Dated: 11/18/2017

Views: 128

Alex Veselits | the Premier Team with Kelly Right RE

“Refinancing” is a scary word for many people, but that shouldn’t be the case for you. For many homeowners, refinancing can not only lower your monthly payments and help with your monthly budget, but it can save you thousands of dollars in the long run.

YOU’RE NOT TOO LATE.

For years now, we’ve been hearing that interest rates will be on the rise, and although there have been some small increases, you’re still in a great position to drastically lower your interest rate. The general rule is if your mortgage interest rate is more than one percent above the current market rate, you should consider refinancing.

IT’S NOT TOO TIME CONSUMING.

Don’t brush off refinancing just because it seems like a long and daunting process. An informational call with a lender to see how rates compare will only take a few minutes. There are also some programs for streamlining the application process. And besides, isn’t the amount of money you could save worth the time and effort?

ARMS CAN BE REFINANCED, TOO.

Seeing your Adjustable Rate Mortgage (ARM) increase after the introductory period can be incredibly stressful and place a squeeze on your budget. Many people assume they’re stuck, but ARMs can be refinanced, just like fixed-rate mortgages. You can even switch to a shorter term fixed-rate mortgage, such as 15 or 23 years. The longer you’re planning to stay in the home, the more sense it makes to look into refinancing.

Contact me I'll refer a trusted lender. [email protected]

Blog author image

Alex Veselits | Premier Agent Group with Kelly Right of Spokane

We believe in providing Premier service and we achieve business excellence through personal integrity holding ourselves to the highest standard possible. We build positive and long-lasting relationshi....

Latest Blog Posts

Whats The Median Home Value In Your State

If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or

Read More

Smells Like Smokey Rib Spirit Key Real Estate Brokers In Spokane WA

Smells like "Smokey bbq rib"  Spirit.You can make this smokey rib recipe in a house with a mouse, on a train in the rain and on acreage with a partridge. :)Ingredients:- 2-6 lb Rack of;

Read More

Jun 12 2018 48527 1

i love apple

Read More

Pocket The Profits The Secrets To Selling Your Seattle Home Above The Asking Price

Pocket the Profits: The Secrets to Selling Your Kenmore Home above the Asking PriceAs a Seattle homeowner, you likely spend a great deal of time trying to figure out how buyers are thinking

Read More