Four Signs You Should Refinance Your Mortgage

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Mortgage rates continue to hover around all-time lows, making it a great time to consider refinancing your mortgage.

Many of our clients are taking advantage of loans with no closing costs and refinancing plans that will reduce monthly payment costs and lower the total cost of the loan over the term.

Here are 4 signs it’s time to refinance!

  1. Your current mortgage interest rate is over 4% - The average rate for a 30 year mortgage in July 2020 was 3.29%.

  2. No closing cost refinance options - You can get a lower rate and lower payment at no cost.

  3. Cash out your equity - Cash out from a refinance can be used for education costs, home improvements, debt reduction, or start up capital for a new business.

  4. You plan on staying in your home for at least 3 more years

If you or someone you know may be thinking about refinancing, Premier Mortgage Consultants is available 24/7 to get you FREE pre approval before you make an offer.

Please contact us to see what we can do for you and improve your current situation.

 
 

John Katsaros, Premier Mortgage Consultants--

John Katsaros is the founder and president of Premier Mortgage Consultants. John has been in the banking industry for over 20 years and owner for 10 years. Prior to banking John graduated with a bachelors degree in Business/Finance from Washington and Jefferson College. John reviews his emails daily and welcomes any questions, comments or suggestions to jkatsaros@premiermtgconsult.com

Posted on August 14, 2020 by Geof Pelaia.