A drop in rates is the typical green light for homeowners when it comes to home refinancing. But did you know you can still improve your financial situation when rates are rising? You’ll enjoy a number of benefits from refinancing, including:
The question is: is now the right time for you to refinance? Remember, there are costs involved in home refinancing, so sometimes getting a lower interest rate really doesn’t help you.
What is the cost to refinance? Here are some factors that go into the expense:
How much do you really stand to save when you consider that mortgage closing costs may total thousands of dollars? Sometimes you can roll closing costs into the loan balance, but then you’re paying interest on that money.
Golden Oak Lending has a proven record of helping homeowners with this very decision. We are happy to assist you in reviewing all of the calculations that impact what refinancing can mean for you and answering your questions to your satisfaction.
Golden Oak Lending suggests that you consider a few key factors:
In summary, after careful consideration of several key factors, you should have a good idea if it’s time to refinance your home.
Contact Golden Oak Lending today to bend our ear, get another pair of eyes on your calculations and get a free mortgage check-up. By turning to a partner you can trust, you’ll be that much closer to reaching your long-term financial goals.