Mike and Jennifer Rigley (buyers) 916.378.4671 / (sellers) 916-660-5823 Info@RigleyRG.com
What’s My Carmichael Home Worth?
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With interest rates on the rise following the 2016 election, it's possible that you're now considering your options for refinancing your current mortgage. It can sometimes be hard to know all of the ins and outs of making this choice, though, and it's important to know what's involved. If you're trying to determine if refinancing will work for you, here are some of the basics on this option and what it can mean for your equity.
Acquiring A Lower Interest Rate
One of the most common reasons for re-financing is to get a lower interest rate on a mortgage in times of a fluctuating market. While it may seem like this is more hassle than its worth, if you are able to get an improved rate, this can add up to considerable savings over time. While the once suggested percentage for refinancing was 2%, with economic times changing it can be worth looking at the numbers to determine if this option is financially viable for you.
Building More Equity
The great thing about negotiating a better interest rate for your mortgage is that it will not only lower your monthly mortgage payment, it can be a greater financial benefit over time. For example, if you have an 8% interest rate on a $250,000 home, adjusting your rate to 6% per month will mean a decrease in your monthly expenditures. Since you'll be paying less interest overall, you can up your monthly payment and pay off the principal even more quickly.
Will Refinancing Benefit You?
While refinancing can be a great option if you're able to get a better rate and are planning on staying in your home to reap the benefits, there are things to consider when making this choice. If you're refinancing in order to make a big expense or renovate, these may be financially beneficial choices, but they can also be bad for the bank if budgeting isn't kept in mind. It's also worth realizing that there will be fees associated with refinancing, from the appraisal to the application, so ensure the new rate makes up for these costs.
There are many benefits associated with refinancing your mortgage, but it's important to be aware of the costs involved and the financial benefit to you in the long term before making a decision. If you're currently reconsidering your mortgage, you may want to contact one of our local mortgage professionals for more information.
Thinking of Selling a Home in Carmichael? Buyers Want Your Carmichael Home for As Little As Possible. Quickly Find Out What your Carmichael home is Really Worth, for Free.
Are you thinking of selling your home in Carmichael? You should know exactly what it’s worth before making such an important decision. Get a CMA “Comparative Market Analysis”, for free, and with no obligation. This analysis compares your Carmichael home to others that are currently on the market and to those that have recently sold.
Once you find out what your home is worth in Carmichael you can make the decision on whether or not to sell your Carmichael home
As top Carmichael REALTORS®, the Rigley Realty Group can determine the value of your Carmichael home and perform a quick market analysis, giving you a free estimate of what your home is worth in today’s market.
Mike and Jennifer Rigley of the Rigley Realty Group come with 10 + years experience helping buyers, sellers and investors realize their Real Estate dreams. Including:
- 30+ Year Sacramento Residents
- Over 1,400 homes sold since 2003 – 10x the average agent
- On Average sell homes 25.8% faster and for 1.5% more than the average agent
- Guarantee your Home will sell at a price acceptable to you or they will sell it for free*
- Team Approach for Maximum Client Satisfaction
- Ranked #145 Worldwide for all Keller Williams Agents 2008
- Ranked in the Top 25 of all agents & companies county wide in both the number of listings & sales since 2004
- Top 500 Teams All Companies in California for Production
- Sacramento Magazine 5 STAR Agent
In short, the Rigley Realty Group will sell your home for the most amount of money, in the shortest amount of time, with the least amount of hassles.
ALSO, once you sell your Carmichael home, the Rigley Realty Group can help you find your next home in Carmichael
What’s your Carmichael home or property really worth? Get the true value of your home NOW!
Are you a local hero looking to buy or sell a home in Carmichael? CLICK HERE to find out about the Home Benefits for Heroes savings program NOW! Former and active Military, law enforcement, firefighters, health care providers, first responders, and teachers are but a few of the everyday heroes that may be eligible for home buying and home selling discounts through Home Benefits for Heroes
To stay up to date with more Carmichael Community News and Events, Carmichael Real Estate information, log on to www.RigleyRealtyGroup.com
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