Whether you have good credit, bad credit or no credit; if you are not satisfied with your current mortgage arrangements whether fixed, adjustable or just too costly for you, NOW is the time to consider your options for change as mortgage rates are near 54 year lows!
While there is an unfortunate economic downslide for us all, the flexibility that is accruing in the mortgage industry can be of great benefit to you. The key is to know that rates are near 54 year lows, take action, be informed and know what your options for change are. The second is to choose lenders who are competent and informed.
While there are many things to consider before having your mortgage reduced or refinancing, some of the basic questions you should ask yourself are:
Why do I want to re-finance?
What are the benefits of me refinancing?
How can I figure if refinancing is an option for me?
How long am I planning to keep this property?
What is my property worth?
Can I apply to lower the rate and skip the appraisal part?
Do I have a competent & Informed Lender?
Do I have more than one opinion to choose from?
How will this affect my credit rating?
What costs are associated with refinancing?
Having solid answers to these questions can give you a sound sense of confidence and security when making a decision to get your mortgage reduced or refinance. Remember the door of opportunity is currently open for you to take advantage of Reduction in mortgage payments, the flexibility is there. As stated in the aforementioned, mortgage rates are near 54 year lows! You can pre qualify yourself by clicking here to see what your available options are before you decide to take further action.
by Lorelle Simpson
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