Is it the right time to Re-Fi?

My top-notch loan officer Mona Campos tells me that if the interest rate on your mortgage is above 5.5% you should be talking to somebody about refinancing your loan.  The three biggest reasons to refi are to lower your monthly payment, to lower or lock-in your rate and to shorten your loan term.  This last one is a real biggie for a lot of people I talk to.  You could keep your monthly payment the same but get a lower rate on a shorter term refi and save money and years on your mortgage!  Mona also says that if you're worried about the valuation on your home, don't be!  There are programs that will refi for up to 105% of the value of your home.  It's definitely worth checking out!  Mona Campos can be reached at 610-867-9220.