Alpha Realtors & Financial Network

Buying tips
Check the current interest rate. To get the benefits of a lower rate,
you may have to pay fees associated with the loan, unless your lender
is doing a no fee loan. Before committing to a refinance, be sure you have discussed the fee options with your loan officer.

 

Consider the interest rate you are now paying before refinancing. Compare it against the current interest rate to see how much you would save by mortgage refinancing.

 If you have outstanding bills, you may want to consider mortgage refinancing your home and in turn, consolidating and paying off your debts. If you have equity in your home, you may be able to access that equity through a "cash out" refinance. You could choose to apply that equity to a debt consolidation plan, a new car or home improvements.