Should I refinance now???

Should I refinance now???

Should I refinance now???


Mortgage rates are at the lowest they have been since September of 2017. Is now the time to refinance?


Five things you should consider:


1. What is my current interest rate and do I have PMI.

2. How much equity do I have in my home?  The lower the loan to value the better the interest rate.

3. What is my credit score?  Your credit score determines what loan programs are available and the interest rate.

4. What are the costs of refinancing?  You should get 2 or 3 quotes before you decide what company to go with.

5.  What is my break even point?  This is calculated by taking the savings from your current mortgage payment and the proposed new one and then dividing that into the amount of closing costs.  

Please call Eagle Financial today!  Vaki 704-651-3382  or Steve 7044-421-1606