To refinance or not to refinance? That is the question.

Anyone with a mortgage has thought about refinancing at some point.  Turner agent Brandi Weber gives some thought to the answer in her blog, Shiny City Chronicles: 

There has been a lot of talk in the news recently about the low mortgage rates and it’s true! They are really low! So, if you have been on the fence about buying, low rates are good reason to get off the fence—but if you already own a home, now may be a good time to think about refinancing.

It’s time to think about refinancing your home loan IF:
• rates are 2% + lower than your current rate

• you are paying mortgage insurance and you have 80% equity in your home,

• you’re current loan is an ARM and your term is up and your rate is looking at resetting

And most importantly —only refinance if you are planning on sticking around in your home for at least 2 years post refi.

Read the rest at Shiny City Chronicles>>
Contact Brandi Weber, real estate “know it all”, for more Austin real estate answers and insights>>