Should I refinance? This is a question I get asked quite often and typically what surprises me most is what sparks the interest. I get a lot of calls from my past clients when they receive one of those ridiculous mail offers that pretend to be either some top secret government refinance program or someone connected with their current mortgage. These offers typically boast some unbelievable interest rate. You can get 2.95% fixed for 30 years, of course it is absolutely absurd but if you don’t know much about mortgages it sounds really good!
So obviously if you are taking your time to read this something has sparked your interest in refinancing! I want to help you answer all the questions you might have about refinancing. I can’t do that in one blog post, but I can at least get you started in the right direction. The best place to start is to get a basic understanding of what is possible with different loan types. Let’s take a quick look at the 5 primary kinds of mortgages. Read more »