Interest rates fluctuate as changes occur in the general economy. If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate.You will have to apply for the new mortgage and have your current income eligibility assessed. Depending on how long you have had your present loan, a current appraisal may be required. There are closing costs, such as attorney, title fees, recording and notary fees, and appraisal charges. The biggest factor in your decision should be the length of time you plan to remain in your home. If you will be there for only a year or two more, it might not pay to re-finance. If you will be in your home longer, re-financing could provide you with lower mortgage payments. Your real estate agent can help you work out the numbers and can refer you to reputable home appraisers and mortgage lenders.
f you have any questions about this real estate tip - or any other tips you may have heard elsewhere - please do not hesitate ask! There is no obligation and you'll hear back quickly!
__________________
Bill Cullin
Your Real Estate Source at the Delaware BeachesCall or Text: (302) 841-7147
Toll Free: (800) GO-BEACH, Ext 27117
Email: Bill.Cullin@LNF.comWebsites:
DelawareBeachRE.com
TheHenlopen.comClick Here for Zillow.com Client Reviews
ACCREDITATIONS & AWARDS:
*2023-17th Consecutive Year: Top Producing Agent at Long & Foster’s Rehoboth Beach Office
*2023-4th Consecutive Year: Overall Top Producing Individual Agent in Delaware at Long & Foster
*2023-4th Consecutive Year: Member of the Long & Foster’s Gold Team Master Club Level, with sales volume of over $20-35 million
*2023-Resort and Second Home Property Specialist Designation Earned
*2023-10th Consecutive Year: Five Star Professional Award-Winning Sales Agent
*2022-3rd Consecutive Year: Recognized within Top 20 Agents in Delaware according to RealTrends
*2022-13th Consecutive Year: “Zillow.com 5 Star Professional”, with “Best of Zillow” designation awarded in 2019
Long & Foster Real Estate, Inc.
37156 Rehoboth Avenue Ext, Suite 5
Rehoboth Beach, Delaware 19971
Office: 302-227-2541, Ext 27117
