Contact Cecelia Tyeskey at Guarantee Mortgage (415) 345-4362 Cecelia@Tyeskey.com
She likes to take time to discuss your future plans before a decision is made as to the loan you choose. This could not only save you money, but will help you make plans that will cover the long term instead of the short term.
Speak to a competent mortgage professional and let him or her guide you. Your loan balance is a main factor in figuring out whether it's worth it to re-finance. Feel free to call me for referrals to several excellent mortgage professionals.
That will depend on the actual cost for the refi. If you can do a no-cost refi, you would be saving at least 0.5 % annually based on the current rates. That's initial savings of at least $500 annually for every $100K borrowed.
Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
On refinancing your home. If you end up saving more than a quarter point on your mortgage rate AND if you can pay out your current mortgage without prepayment penalty then it is really worth considering. You can gain better equity and end up with more money in your pocket every month. Of course, this also depends on an appraisal of your property and whether it's a single-family home or condominium.
If you need help, contact me and I will refer you a few of my varied contacts whose job it is to get you better rates or else they don't get paid!