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Why refi? There are at least seven reasons to refinance a mortgage. You probably can think of the first one -- to get a lower mortgage rate.
The average interest rate on an outstanding mortgage at the beginning of 2010 was 5.979 percent, according to the Bureau of Economic Analysis. However, lenders today are offering rates well below that benchmark, making a refinance a no-brainer for many.
But low rates are not the only motive for refinancing a home loan nowadays. The following are good reasons to consider a new home loan.
View this post on my blog: http://www.mortgageloanus.org/1012/7-reasons-why-you-should-refinance/
The average interest rate on an outstanding mortgage at the beginning of 2010 was 5.979 percent, according to the Bureau of Economic Analysis. However, lenders today are offering rates well below that benchmark, making a refinance a no-brainer for many.
But low rates are not the only motive for refinancing a home loan nowadays. The following are good reasons to consider a new home loan.
View this post on my blog: http://www.mortgageloanus.org/1012/7-reasons-why-you-should-refinance/
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