3 things to think about when considering a re-finance

You've all been hearing about it.....

• Rates are at record lows!  
• You've been pre-approved to re-finance your mortgage!
• Save hundreds on your monthly mortgage payment!

It's got you thinking, RIGHT?

Rates are at a record low, but you still need to re-finance for the right reasons - and be knowledgeable about the process.  Even IF you can score a rate in the 3% category...
1.  Are you aware that there are closing costs associated?
2.  Should you think about rolling those costs into the mortgage?

We're not mortgage experts, but we have worked with quite a few (call the office and we can give you some names of folks we have had good experiences with).

Here is a little more to think about when considering a re-finance:

1. Make SURE you check your credit rating to make sure that of what is on your credit report - you won't qualify for the advertised rate if you are late on a payment or your debt to income ratio is tremendous!

2.  Shop around - just like when you were getting your first mortgage  - check around and find the right programs and lenders for you & your needs.

3.  Make sure you check the existing value on your home- has the value of your homes changed since you bought the house?  You will most likely have to get an appraisal performed on your home, so be aware of the market around you.

You want to spend your hard earned money on things that are going to help you and your family.  Re-financing when the terms and conditions are right for YOU is the way to go!  If you have a specific question about the value of your home give us a call at 817-430-6279 or visit us at www.thetaylormadeteam.com