Mortgage expert Steve Currington of Cross Country Mortgage tells us when is the right time to refinance and when is it a mistake. It is always good to refinance when you have a big enough gap between your current rate and the rate you can get and when you want to shorten your term. But it will be a mistake to refinance when you refinance to reset the term just to lower your monthly payment. Although it is possible, doing that is really not advisable because you will be going back to the beginning.
Cash out refinance, meaning the money you can get for a loan is much higher than what you owe so their difference will be the money that you can cash out.
For more information to get a mortgage you can go his website www.stevecurrington.com or call Tel 918 281 5475.
To schedule a FREE real estate specialists consultation please contact Darryl Baskin of Baskin Real Estate Specialists powered by eXp Realty.
DARRYL BASKIN
Baskin Real Estate Specialists, eXp Realty
Email: [email protected]
Tel: 918 258 2600
Tel: 918 740 0077
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