Should I refinance my 4.625% interest rate?
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Is an interest rate at 4.625% too high? It truly depends on your scenario. There are so many factors that go into the interest rate available to you. Before you make a phone call to receive a quote, have the following information ready to relay to me or the lender that you call:
- Current Mortgage Balance?
- Approximate Property Value?
- Do you have a home equity line of credit?
- If yes, how much do you owe?
- Are you looking to pay it off with this new loan?
- If you would like cash out in hand at closing, how much would you like?
- Credit/Fico Score?
- Do you include your taxes and insurance in your monthly payment?
- Property Type (Single Family, Condo/Townhome, 2-4 Units
- Occupancy (primary, second, investment)
If you are purchasing a home, many of the same factors will be asked:
- Purchase Price
- Down Payment?
- Credit/Fico Score?
- Property Type?
- Occupancy
- Will you include your taxes and insurance in your monthly payment?
Do you want a personal quote, just call me, I’d be more than happy to help you directly!
How do you get through to Mom? Email is a fantastic way to get through to the Mortgage Mom! Debbie@MortgageMomRadio.com Text messages and phone calls are great too! Do you know how to contact us? Text the word “MOM” to 474747 or give us a call 844-935-3634!
Download our Phone App loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube!
