Be Aware Of Current Mortgage Refinance Rates
When you are a homeowner it almost feels like a constant tug of war in doing what is best for your home and family and taking advantage of continually dropping interest rates. Refinancing may seem to be a bit of a pain from the borrower’s standpoint, but with the Fed set to turn around and raise rates any time now, it almost feels silly not to take advantage of low current mortgage refinance rates before they are gone for good.
Why Current Refinance Rates Are Important
- Lowered Payments: Even a small half percentage point drop in interest rates from where you signed on for could save you hundreds or literally thousands of dollars over the next couple of years of your loan.
- Consolidation of Debt: When you are saving money on your mortgage you are able to better spread that money around to your other high-interest rate credit cards and such. By keeping your debt in your home, it’s centralized and able to be attacked with full force!
- Get Cash From Your Home: If you have paid down that debt and you are saving money by refinancing that is like getting paid from your home! That extra money you save will be a big bonus!
- Keep Payment From Rising: What goes down, must come up. Another reason to tackle those current mortgage refinance rates is that eventually you will have to face the facts of rising interest rates. Refinance now to avoid that inevitability.
If you’ve thought of the current refinance rates and you think that now might be a good time to take advantage of amazing low rates, that’s great news. You have your choices of who to go with for refinancing and you should find a lender who works for your needs.
Give us a call at Paramount Equity® to find out how we can help you get the most out of your home.