Real estate blog entries tagged with home mortgage by Kent Redding / Broker Austin Texas Real Estate 512.306.1001 (Prudential Texas Realty)

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Home : Blogs : Kent Redding / Broker Austin Texas Real Estate 512.306.1001 : Kent Redding / Broker Austin Texas Real Estate 512.306.1001's Blog : Tag "home mortgage"

home mortgage: Time to refinance? - 01/16/09 08:06 AM

Since interest rates are continuing to stay low, lately I have been receiving numerous calls from buyer clients wondering if they should re-fi. I generally defer them to their mortgage lender, however, I like to have some general advice so as a rule of them I suggest they plan to be in their home at least 5 additional years and their current mortgage rate is above 6.25% they might consider a re-fi. The cost to re-fi can be in the $2K-$3K range and you likely need a 1- 1.5 point spread it rates to come out ahead over time. In addition you … (4 comments)

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Kent Redding / Broker Austin Texas Real Estate 512.306.1001

Austin, TX

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