“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’re 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 Mortgage (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.
Author:Donna Schuck Phone: 386-295-3426 Dated: February 14th 2018 Views: 267 About Donna: ...
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Bruce & I have been friends and business partners for several years. We have lived in Palm Coast our whole lives, even attending grade school here and graduating from FPC. Now, we, along with our families, are happy to still call Flagler County home and proud to raise our own children here as well. My wife & I have two wonderful daughters while Bruce & his wife also have two wonderful children, a son and a daughter. Between the two of us, we have over 20 years of real estate experience. Having the background & knowledge of the area, as well as the knowing the real estate market, we are well versed in all types of real estate transactions including commercial, distressed properties, and property management. Specializing in everything from vacant lots to waterfront properties, we can do it all! Contact us with any of your real estate needs and feel free to visit us at any of our 3 locations!
416 S Central Ave Flagler Bch FL 32136
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101 Palm Harbor Pwky Unit 120B Palm Coast FL 32137
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"Have worked with Bruce Garrison on several deals. If you are looking for a realtor who knows the market, can anticipate and handle any problems that may arise, is a shrewd and tactful negotiator, and is a responsive and customer service oriented realtor you can't go wrong working with him or his partner Steve Thomas. I have known them well and had extensive professional experience with them for several years.