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Why You Should Look Into Refinancing

By
Real Estate Agent with SHAHAR Management

If you have been thinking about refinancing your home there hasn't been a better time to get started.   Rates are at an all time low with shorter term loans available.

  • Homeowners whose equity situation is deteriorating should ask their lender for help.  They will be able to find the flexibility (if any) in government programs which are aimed at reducing rates for owners in weak equity positions.
  • FHA efficiency mortgages give consumers an opportunity to refinance into a loan that helps pay for home efficiency improvements.   This is a great way to cost effectively lower utility bills through basic home repairs. 
  • Interest rates are at all time lows making it the right time for anyone carrying a higher interest rate to consider refinancing to a lower rate.  
  • Low fixed interest rates make converting from an adjustable rate loan into a fixed 15 or 30 year loan a smart move.  Even if the adjustable payment is currently lower than a fixed rate payment, when rates rise again, the monthly payment on an adjustable rate loan will quickly leap frog a fixed rate loan.
  • The differences between fixed 15 year and 30 year interest rates is significant; refinancing to a shorter term loan can save hundreds of thousands of dollars over the life of the loan.

So take the time to evaluate your mortgage loan today!

                      refinancing,mortgages,loans

 

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SHAHAR MANAGEMENT

 

Debbie Walsh, GRI, CNE, CHMS, REM | Office (845) 283-3036 |

website www.viewhudsonvalleyhome.com | search for homes

If you are Buying, Selling or Relocating to the Hudson Valley area and need help from a professional REALTOR®, I would be happy to assist you! Please visit my Hudson Valley website for property searches and to sign up for free listing alerts and other information.

 

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WINNER 2015, 2016 & 2017 Hudson
Valley Five Star Real Estate Agent



Top Agent Magazine Honoree 2015 & 2016

Comments (2)

Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

My refinance closing was last week and we are saving a good amount of money.  It was a good move for us!

Mar 04, 2010 02:15 PM
Debbie Walsh
SHAHAR Management - Middletown, NY
Hudson Valley NY Real Estate 845.283-3036

Sharon-Yay good for you!  Saving money is always a good thing!

Rick-So true so true!!

Mar 07, 2010 03:08 AM