When Should You Consider Refinancing?
All too often, consumers are presented with seemingly great opportunities to save money on their existing mortgage with a home refi loan. While getting out of an upside down mortgage or having more money for home improvements may sound tempting, how do you know if a home loan mortgage refinance rate is best for you or if you should wait for a better opportunity?
Consider the Costs
Refinancing your mortgage does involve initial expense; there may be fees for credit checks, attorneys, title insurance, prepayment penalties, inspections and document preparation. If you do not plan to stay in your home long enough to recoup the costs of refinancing your home, it’s probably not the best idea to refinance your mortgage.
Consider the Benefits
Before you refinance your mortgage, take some time to consider what a Las Vegas mortgage refinance can do for you. A home refi loan is a way to restructure debt. In so doing, you can consolidate debt, obtain a lower interest rate or reduce your monthly payment by extending the amount of time you have to pay off the balance of your loan. Taking time to consider what you want to accomplish by refinancing your mortgage can help you determine if a refinance loan is the best way to accomplish your goals.
Get the Best Home Mortgage Loan Refinance Rate
Whether you’re looking to get out of an upside down mortgage or just looking for ways to save some money, this site was designed for you! Drawing on the experience of a mortgage broker with over 27 years of experience in the industry, I have created a series of 6 videos designed to help you get the best home mortgage loan refinance rate in Nevada! These videos expose the dirty secrets mortgage brokers use to get more money out of you and teach you how to avoid predatory lending practices. Protect your hard-earned money by registering to view these FREE videos today!
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My name is Rob Regehr and I’m a personal finance writer with a chip on my shoulder for banks and brokers that take advantage of my friends and neighbors.
