With rates down and lenders borrowing cheaper than ever, NOW is a great time to look into refinancing your mortgage.  I am working with a lot of clients that have unbelievable potential savings. 

You owe it to yourself to see what your new payment would be and what it will cost to get there.  You need to factor in how long you intend to live in your home too.  If you save $200/month, but think you will be moving in two years, you will save $4,800.  If the cost to refinance is higher, it may make more sense to stay put.  Don't forget to factor in any tax consequences.

While you are at it, re-evaluate your home owner's insurance.  Do you have enough coverage?  Too much?  Consult an agent and go through your policy and pricing.  We were paying for some type of replacement coverage in Florida, and after speaking to my insurer, we discovered that we were paying to get our home repaired UP to the current code. 

If my home was built with 1/2" plywood and had to be repaired, but the current code required 3/4" plywood, the entire roof would be re-done with 3/4" plywood to catch up to the current code.  Makes sense!  Well, my house was brand new!  I was obviously already at every current code and wasting money.

If you need a great mortgage broker in Florida or Georgia, call Randall at 863-604-0169