Heading into the Third Quarter of 2019 we have been fortunate to see an unexpected drop in interest rates with fixed rate mortgages dropping to levels we have not seen in years and close to 1% below the highs we saw late 2018/early 2019. So how do you know when it is a good time to refi? Unfortunately, it is not an easy answer as each scenario is unique. For my clients I will ask: 1) What is your current rate? 2) What is(are) your loan(s) balance(s)? 3) When did you buy the home, what did you pay, what … (0 comments)
refinance: HARP: Another 4 letter word?
- 01/15/18 11:49 AM
HARP has become a 4 letter word in my industry and when I hear it on TV it makes me roll my eyes.
HARP is the Home Affordable Refinance Program. It was born out of the financial meltdown from over 10yrs ago now and at the time was a good thing. It was designed to help people who lost equity in their home and may have been under water and not able to refinance at all. It was the only good program that came out of the meltdown to help people that lost equity through no fault of their own, (and were … (4 comments)
When does it make sense to Refinance?
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