Refinancing
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.
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 Keller Mortgage and other Trusted Lenders:
As a Keller Williams agent, I can refer you to exclusive refinancing options, courtesy of Keller Mortgage or my other trusted lenders. I’d be happy to help you if you’re interested.
Have questions about refinancing your home and the next steps?
Make an appointment with a Keller Williams Pasadena Real Estate Agent.
Written by Keller Williams International. Photo by Unsplash
Classic - Refinance
