- FHA loans available
- Low down Payment
- Lower closing costs
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Rates are as low as they have ever been - in many cases lower. Now is the time to refinance if you haven't already done so.
The general rule of thumb is that you shouldn’t refinance unless you can save a full percentage point – for example, reducing your rate from 5 percent to 4 percent. However, that’s not hard and fast. How much you’re going to end up saving depends on other factors as well, including the size of your mortgage, how long you’ve been paying on it and the length of the term of the new mortgage you’ll be taking out. If you have already refinanced in the past 24 months, read this intelligent article on whether you should refinance again Should You Refinance Again?
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