DISPELLING REFINANCING MYTHS

DISPELLING REFINANCING MYTHS

"Refinancing" is a scary word for many people, but that shouldn't be the case for you.  For many homeowners, refinancing can not only lower your monthly payments and help with your monthly budget, but it can save you thousands of dollars in the long run.

YOU'RE NOT TOO LATE.

For years now, we've been hearing that interest rates will be on the rise and although there have been some small increases, you are still in a great position to drastically lower your interest rate.  The general rule is if your mortgage interest rate is more than one percent above the current market rate, you should consider refinancing.

IT'S NOT TOO TIME CONSUMING.

Don't brush off refinancing just because it seems like a long and daunting process.  An informational call with a lender to see how rates compare will only take a few minutes. There are also some programs for streamlining the application process.  And besides, isn't the amount of money you could save worth the time and effort?

ARMS CAN BE REFINANCED TOO.

 Seeing your Adjustable Rate Mortage (ARM) increase after the introductory period can be incredibly stressful and place a squeeze on your budget.  Many people assume they're stuck, but ARMs can be refinanced, just like fixed-rate mortgages.  You can even switch to a shorter term fixed-rate mortgage, such as 15 or 23 years.  The longer you're planning to stay in the home, the more sense it makes to look into refinancing.

Image title



Daniel Wampler Headshot
Author:
Phone: 316-644-4845
Dated: February 13th 2018
Views: 209
About Daniel: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Quick Links That Could Help You Find A Great Deal In Wichita KS Area - Down below are some "Quick Links"
DISPELLING REFINANCING MYTHS - "Refinancing" is a scary word for
HOW TO SELL YOUR HOUSE FAST - A guide, how to prepare your home
5 NEGOTIATING TACTICS THAT KILL SALE - Negotiation is a subtle art in

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty, South Central Kansas
9393 W 110th St, Ste
Overland Park, KS
573-719-2582
0