Interest Rates are AWESOME right now. You may even be able to get below 4.5% APR.
It is important to look at how much it costs compared to how much you can save. I believe you need to be able to save enough money every month to recuperate the cost of the refinance in less than 2 years. I explain that in this video.
If you or a friend or family member has a rate aboce 5.5% I can probably save them enough money to justify a refi.
For FHA loans this doesn't apply because First Colony Mortgage has no closing costs on an FHA refinance.
Friday, July 16, 2010
Subscribe to:
Posts (Atom)
