.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Selling your North Central Washington Home? Free home value reportBuying a Lake Chelan Home? Search all homes for sale Buying a Wenatchee or Leavenworth area home? Search all homes for sale Hello, and welcome back! Today's topic is whether it's possible to refinance to get a lower payment, and how you can go about doing it if you are eligible! The first thing you need to do is take a look at what your current interest rate is. According to Seafirst Financial (our preferred lender), rates are around 3.675%. If your current rate is higher than 4.5%, you're probably leaving a lot of money on the table by not refinancing.  Although it may seem like the right decision, not everyone can refinance. The first thing you need is 80% loan to value; in other words, the loan you get has to be 80% of the value of your home. If you're wondering what your home value is, check out the home value links above to get a general idea of how much your home is worth. If you're on the borderline in loan to value, give us a call and we'll help you figure it out. You want to avoid private mortgage insurance and spending a lot of money to refinance. However, it will be more than worth it if you're able to lock in a significantly lower rate. With rates slated to rise in the coming year, now is the time to lock in a great low rate and lower monthly payments! If you have any questions about this topic, or if you need real estate assistance of any kind, give us a call or shoot us an email. We would love to hear from you!