Rate Watch Program

This program is for anyone that would like me to call them when the time is right to refinance your mortgage.

First Name

Last Name

Phone

Home Type

Type of Loan

CONTINUE

Current Mortgage Rates

30 Year Fixed

3.49%

-0.03

15 Year Fixed

2.89%

-0.02

5/1 ARM

2.96%

-0.01

Refinance

Types Of Loans:

When does it make sense to refinance?

When refinancing your mortgage into a lower Interest Rate there are 3 questions you should ask yourself:

How long do I plan on staying in my house?
What is the Cost to refinance?
What is my Monthly Savings with the lower Interest Rate?

It's very simple. As long as the monthly savings is able to recoup the cost of the refinance with in the amount of time you are going to be living in your house this in most cases would make logical since to refinance your home.

Example:

Years In Home = 7 Years
Cost of Refinance = $3,000
Monthly Savings = $200
$3,000 Divided by $200 = 15 Months to Recoup. In this example this would be a perfect time to refinance.

Myth:

It doesn’t make since to refinance if I can not reduce my interest rate by at least 1%. Using this this formula could cost a borrower $1,000′s. I have saved borrowers $1,000s by reducing their interest rate .25% or .5%. A lot of times we can reduce someones interest rate by .25% or .5% with very little or no cost to the borrower. This can be done at least once a year.

Always use the formula above to make sure you are NOT missing out on saving money.

Rate Watch Program

I take refinancing VERY SERIOUSLY and so should you. This is why I have created a RATE WATCH PROGRAM. This program is for anyone that would like me to call them when the time is right to refinance your mortgage.