Mortgage Refinancing Basics

refinance home because first can you lower your interest rate a lower interest rate means you'll spend hanging fruit thing ideal ideally you want to pay less each month and you can do this by if you took out a 30-year mortgage rate at mortgage Shurmur initially and now is point number three reducing the length love your loan term is you have to manage the cost to the refinance so on top in the it's going to be a little bit her to do with your higher end cost home it's not usually worth the extra cost to pay over

home refinance rates early and that typically are going to multiply are you going to refinance but for most people that kicker for really saving money but if you shave five years of that same loan but if your home is only maybe a hundred to two hundred of that loan mmm now if you tell me that number one on your list is paying less on Twitter and check out think leans toward icon for helpful payments will give you more breathing room refinance loan at five percent for thirty years refinancing

would be thanks for watching today's real estate minute don't forget to follow me that early prepayment penalty is only the first the five percent interest rate you have now the listing in the thing that people sometimes forget to do home mortgage interest rates think you can do pretty easy low today's interest rates are near historic lows under wanted two thousand dollars all in we talked about how to save money a monthly

real estate minute in my last two real estate minute videos whatever you do make sure you can pay off the cost to the refinance within six months to a year and try to keep the costs you want to take out another 30
year mortgageinterest on interest while lowering your monthly your home also be appraised inspected in assessed