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.

Joe Corcoran

Keller Williams Real Estate

484-893-1234

www.DebAndJoe.com

Deb and Joe Corcoran logo

 

 
Posted by Joe Corcoran on 07/15/2010 11:45 AM   Comments (0)   Refinancing in the Mortgage / Finance Channel   mortgage, refinancing  
Generate short URL
This post has been included in Pennsylvania Real Estate News

0 Comments on Is it the right time to Re-Fi?
What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Dandj%20portrait%20med Rainmaker_large

Joe Corcoran

Upper Macungie Twp, PA

More about me…

Deb and Joe Corcoran, Keller Williams Real Estate

Address: 2901 Emrick Blvd, Suite 100, Bethlehem, PA, 18020

Office Phone: (484) 893-1234

Email Me

The Lehigh Valley is one of the fastest growing areas of Pennsylvania with a mixture of tech companies, large hospitals and corporate offices, and a large manufacturing base. I write about the local real estate market and cover real estate trends and activities in cities such as Bethlehem, Allentown, Easton, Nazareth and Northampton. I also cover school district markets such as Parkland, East Penn, Northern Lehigh, Southern Lehigh and Salisbury.


Listings

Links

Archives

RSS 2.0 Feed for this blog