Mortgage Rates, Video Tips

Clock is Ticking – Should You Refinance Your Home Loan?

May 27, 2010 by · 1 Comment 

Because of strife in Greece, Spain and North Korea, conforming mortgage rates are back to all-time lows. They’re at levels not seen in 50 years.  For Indiana homeowners that missed the Refi Boom of November 2009, it’s a second chance.

In this well-presented, 3-minute video from NBC’s The Today Show, you’ll get tips getting low rates and choosing the best time to lock in.

Some of the topics covered include:

  • Why were the experts wrong about rates moving higher this summer?
  • How much money can you save with a 1 point drop in your interest rate?
  • Should you buy a bigger home now that rates have fallen?

The advice in the piece is matter-of-fact and centered.  There is no cheerleading and the message is honest. Mortgage rates are low and they likely won’t stay that way.  If you’ve been thinking about a refinance, talk to your loan officer as soon as possible.

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James K Barath, CMPS®

James K Barath is a Certified Mortgage Planning Specialist®, Certified FICO® Professional, Certified Military Housing Specialist® and your FHA Home Loan Expert. He is also a graduate of Purdue University, The CMPS Institute, Dale Carnegie Human Relations Course & Napoleon Hill Foundation's PMA Science of Success Class. It's your home and your future. It's his profession and his passion. He is ready to work for your best interest. Contact James for your FREE Home Loan Approval !  His Motto: I Facilitate the American Dream Through Responsible Mortgage Lending and Financial Literacy!

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Comments

One Response to “Clock is Ticking – Should You Refinance Your Home Loan?”
  1. Laura Morton says:

    This is an ideal time to refinance your mortgage. If you have an adjustable rate mortgage, go for it now, don’t wait.
    I would stay away from a cash out. It’s tempting. I would take the 15 year fixed rate mortgage. The rate is around 4.17%. Building equity quickly is the strategy. Many homeowners had 25% or more in equity stripped from their homes. This is a great opportunity to get back on track.

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