Should I refinance my 4.625% interest rate?

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:

  1. Current Mortgage Balance?
  2. Approximate Property Value?
  3. Do you have a home equity line of credit?
  4. If yes, how much do you owe?
  5. Are you looking to pay it off with this new loan?
  6. If you would like cash out in hand at closing, how much would you like?
  7. Credit/Fico Score?
  8. Do you include your taxes and insurance in your monthly payment?
  9. Property Type (Single Family, Condo/Townhome, 2-4 Units
  10. Occupancy (primary, second, investment)

If you are purchasing a home, many of the same factors will be asked:

  1. Purchase Price
  2. Down Payment?
  3. Credit/Fico Score?
  4. Property Type?
  5. Occupancy
  6. 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! 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!

Debbie Marcoux CA-DBO237926, AZ-0941504, TX, NV-57237 | JMJ Financial supports Equal Housing Opportunity. NMLS ID# 167867 ( | 877-314-1499. JMJ Financial is licensed by “CA Department of Business Oversight under the California Residential Mortgage Lending Act” # 41DBO-46011, AZ # 0943949, TX #167867. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits.

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