Good time to refinance?

Do you have a money jar at home? If you're like me, lately you've been looking for ways to save a buck. Whether you're getting rid of your landline phone, working from home to save gas or eating at home more often it feels good to know you're trying and continuing to save up in case that dreaded economy gets any worse.

Today, I've got a way to save money we in the Real Estate industry haven't mentioned in quite a while. Refinance your home.  Last month I closed my first refinance of the quarter and it felt good to help the couple not only pay off some debt but also lower their mortgage payment and feel at ease as the economy continues to trickle down to affect all of us. It made me think, if rates drop just a bit more we should really make a push to inform consumers that this could be an excellent way to save an extra buck. Well, rates have dropped and not just a little. The rates here at Venta Home Loans have dropped by almost 0.5% since last week.Anybody in the 6% interest rate realm should at least consider or speak to their favorite Mortgage professional to see if its worth it. I'm sure they'd be happy to hear from you and help if its to your benefit.

Act quickly. Rates have been quite volatile over the last few months and I don't anticipate they'll stop soon. There are so many factors that determine rate trends its impossible to predict. Even bankrate.com has "experts" that post conflicting opinions. There's no way to really know what will happen. What we do know is that today they're low and you could lock it low for the 30 days it'll take to close. Why not move on it? Just think of how the thought of saving on your mortgage payment will cheer you up during your holiday shopping!!!

HAPPY THANKSGIVING!!!!

Regards,

Hector A.