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Should You Refinance Your Current Home Loan?

Crofton Real Estate Questions & Answers

Q.  Should I be thinking about re-financing?  I heard that rates are really low right now.

A.  If you haven’t yet refinanced your 6% or higher mortgage, now might be the time to do so. 

Take a minute to read this article and view these charts on CNN Money.  You’ll see that 30–year loans are below 4.5% for the first time in eight months, and 15 year loans are even lower.

Even if you’ve been paying on your loan for over a decade, it could lower your payment to refinance now with a 15–year loan at today’s low interest rate.  Try the MORTGAGE CALCULATOR on this website to play with the numbers, and contact me to recommend a local lender if you’d like more information.


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