Home mortgages are at the lowest rates in decades. If your mortgage is more than 1% point above the current rate and you expect to stay in your home for at least 3 more years, you should consider refinancing your mortgage loan now.
You can check out the current rates at your bank or a website such as www.Bankrate.com.
How to do it:
Start with your present mortgage lender. Since you have been their valuable customer for years, they should be willing to make concessions to keep you. Make sure you shop at least 3 other institutes (including banks, savings and loans, mortgage brokers). Assess all your options and choose the loan that is best for you. Message us to receive a Mortgage Savings Calculation Sheet for Free.
Stay tuned next week when we will discuss things you should consider before refinancing your mortgage. Wishing you great success in all you do!