Should You Refinance Now?

By
Real Estate Services with Think Glink Media

Should you refinance now?

 

With interest rates steadily dropping, you may be tempted to hit the refinance button right now, but think before you commit.

 

By weighing out what you will save against how much the refinance will cost you, you may find that it is not worth it to refinance to lock in a lower interest rate right now.

 

Here is my refinancing story: http://real-estate.equifax.com/2010/09/should-i-refinance-now.html

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Illinois
Groups:
1st Time Buyers
All About Mortgages/Mortgage Networking
Free Real Estate Tips and Information
Mortgages
Real Estate Trends
Tags:
refinancing
personal finance
real estate advice
refinance rate

Comments 4 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the flag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
212,392
Jane Becker
CRS,ASP,ABR,CBR,CDPE,LMC,E-PRO,GRI
Keller Williams Home Team AdvantEdge

If the rate is even a quarter percent lower for a fixed loan, it is definitely worth to refinance if you'll be staying in your home, just my two cents.

September 17, 2010 11:50 AM
Rainmaker
178,817
Dennis Herman
Dennis Herman
Realty Executives Elite

Why not look at the bigger picture.  With this market, it is time to look at moving up.  Now you can afford a bigger house at the same mortgage payment.  With the choices available today, it is worth checking into.

September 17, 2010 11:51 AM
Rainer
23,607
Glenn Colley
WR Starkey Mortgage

Each person should make sure it is a financial gain in the long run in regards to a refinance or not.  Thanks for your post.

September 19, 2010 11:13 AM
Rainmaker
362,582
Ilyce Glink
Best-selling author, award-winning TV/radio host.
Think Glink Media

Thanks for commenting! The mortgage interest rates are certinaly something to watch right now.

September 22, 2010 12:09 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pants to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
362,582

Ilyce Glink

Best-selling author, award-winning TV/radio host.
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the house to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: