THE TRUTH ABOUT REFINANCING YOUR MORTGAGE

With interest rates always changing, many homeowners like yourself are trying to refinance their property while rates are on the downslope. Here’s what to know if you are in a position to refinance your mortgage.

“Nothing is more expensive than a missed opportunity". - H Jackson Brown

1. Rates Fluctuate FAST:

Interest rates are rising and falling with the speed of the stock market. And like the stock market, the key is to begin the refinancing process before rates start going up again.

2. There’s No Need to Panic:

If you missed out on a great rate, relax. Mortgages are likely to continue fluctuating. The best thing you can do now is to prepare yourself for the next rate drop. That means keeping a tab on rates and lenders.

3. Know What You’re Looking For:

Refinancing is like grocery shopping: If you don’t know what you’re looking for before you start, it may take you a lot longer. Define the rate and loan type you need to make refinancing worth your while, and be ready to move as soon as it comes around.

4. Don’t Forget To Ask Your Agent:

As an agent, it's my job to keep close tabs on mortgage rates while finding the best lenders in the local area for my clients. I can refer you to our preferred local lenders or provide exclusive refinancing options, courtesy of Keller Mortgage. I’d be happy to help you if you’re interested; feel free to contact us!

List inspired by tips from KW Research