Should You Refinance Now?

By
Services for Real Estate Pros with Think Glink Media

Should you refinance now?

 

With interest rates steadily dropping, you may be tempted to hit the refinance button right now, but think before you commit.

 

By weighing out what you will save against how much the refinance will cost you, you may find that it is not worth it to refinance to lock in a lower interest rate right now.

 

Here is my refinancing story: http://real-estate.equifax.com/2010/09/should-i-refinance-now.html

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Tags:
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personal finance
refinancing
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Rainer
212,692
Jane Becker
Keller Williams Home Team AdvantEdge - Worcester, MA
CRS,ASP,ABR,CBR,CDPE,LMC,E-PRO,GRI

If the rate is even a quarter percent lower for a fixed loan, it is definitely worth to refinance if you'll be staying in your home, just my two cents.

Sep 17, 2010 11:50 AM #1
Rainmaker
194,728
Dennis Herman
Realty Executives Elite - Waldo, WI
Dennis Herman

Why not look at the bigger picture.  With this market, it is time to look at moving up.  Now you can afford a bigger house at the same mortgage payment.  With the choices available today, it is worth checking into.

Sep 17, 2010 11:51 AM #2
Rainer
23,657
Glenn Colley
WR Starkey Mortgage - Carrollton, TX

Each person should make sure it is a financial gain in the long run in regards to a refinance or not.  Thanks for your post.

Sep 19, 2010 11:13 AM #3
Rainmaker
365,215
Ilyce Glink
Think Glink Media - Chicago, IL
Best-selling author, award-winning TV/radio host.

Thanks for commenting! The mortgage interest rates are certinaly something to watch right now.

Sep 22, 2010 12:09 PM #4
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Rainmaker
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Ilyce Glink

Best-selling author, award-winning TV/radio host.
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