Refinancing Your Home: Is it Worth the Money?

Feb 01, 2021
 

Ready to Refinance your mortgage?

Watch this video to figure out if it'll be worth the money and the hassle. 

Why would you want to refinance your mortgage?

  • To lower your monthly payment
  • To pay down your loan faster

Could you be a good fit for a refinance?

  • Can you save more than half a percent off your current rate?
  • Will you be in your home for over 3 years?

How to get quotes:

  • Survey at least 3 lenders
  • Look for relationship discounts
  • Bring: your FICO score, your current mortgage statement, your income/W2's or tax returns, and know your current home value
  • Don't let lenders pull your credit yet!

What information should you have:

  • Closing costs + Fees
  • Estimated new payment

Calculate how many months you need to stay in your home to recoup your costs:

  • Closing costs + Fees/ New payment- Old payment
  • Will you be in your home for this long?

Money making tip!

  • Are you an attractive buyer? Is your credit score over 740, do you have a low amount of debt or no debt and steady income?
  • Take advantage!
  • Make your top 2 lenders compete for your business and see how much you can save on closing costs and your rate. We did this recently and saved over $2000!

 

Start today.

"You can't really know where you are going until you know where you have been" -- Maya Angelou

Unsure of where to start your financial wellness journey? Before you set your goals, it's important to know exactly where you and your finances stand.

This is why I created the' Not a Budget' Cash Flow & Net Worth Workbook!

This is what I use personally and with clients to: 

Get crystal clear on where you stand financially

Identify & prioritize your goals

Find success by following through

It comes with video step by step guide and an EASY way to track your goals all year long and celebrate your success! No need to download different forms Every. Single. Month.

Get the 'Not a Budget' Cash Flow & New Worth Workbook Now!