If you are planning on staying in your home for a while, it may be time to refinance! One of our team members is currently refinancing at a rate of 2.625% on a 13 year mortgage!! Some of you may be sitting with a 4.5-7.5% interest rate!! This could save you a lot on your monthly payment and interest over the rest of the life of your loan.
Most of the time you can refinance at however many years you have left on your mortgage already. For instance, or team member has 13 years left on their current loan and didn’t want to add time so they are refinancing at 13 years! No time lost, payment lower, money saved!
Just worth looking into.
This also means it’s a great time to buy!! With rates this low you can get a lot more house for your money. Please let us know if you need any more info!