With 30 year fixed rate loans hovering around 5%, is this the time to pull the trigger on a re-finance of your mortgage? 

There are two groups of qualified borrowers who should look at refinancing?

1. Those who have fixed-rate mortgages above 6%.
2. Those who have adjustable-rate mortgages and want the security of a fixed-rate loan. With Fixed-rate loans, you will not have to worry about future rate increases. In today’s economic climate, people want the secure feeling of having a stable mortgage payment that comes with a fixed-rate loan.

With Fixed-rate loans, you will not have to worry about future rate increases. In today’s economic climate, people want the secure feeling of having a stable mortgage payment that comes with a fixed-rate loan.

There is no better time to get out from under your adjustable loans and high-rate seconds, which means lower interest rates and lower payments          [...] Continue Reading…

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