DIY : Why is it Still a Good Time to Refinance Your Mortgage?
I’m sure you’ve heard all the rumors about the rising rates and the panic surrounding them. Here’s why you shouldn’t: Yes, it is true that mortgage rates are expected to rise shortly, there are still many benefits in refinancing your current mortgage.
What about debt? Now a days its next to impossible to find something that doesn’t have any. A Debt Consolidation option may be a perfect fit for you. How would this help you? We take your high interest rate debt and roll into your substantially lower rate mortgage. It gives you ONE easy payment.
Have a home renovation that you keep placing on the back burner because you don’t have all the cash necessary? It can be easily fixed by pulling the equity out of your home. A Cash-Out Refinance allows you make one large deduction from the equity you have spent years building. You cash can be used however you want; a vacation, starting an emergency fund, a child’s education, or whatever else you may need.
Maybe when you bought your home you opted for an Adjustable Rate Mortgage (ARM), now is the time to transition out of that ARM before it starts to rise. Lock in a Fixed Rate Mortgage before rates rise higher.
We have given you just a few of the reasons why a Refinance could still be convenient for you.
Visit us at www.geqfinance.com or call one of our Licensed Loan Consultants at (800)245-EASY(3279)!