The TRUTH About the Mortgage Rates!
You've been hearing mortgage rates
have dropped and I am here to confirm they have dropped a lot;
however, just because interest rates have dropped doesn't mean
refinancing makes the most financial sense. Before submitting a
mortgage application or having your credit pulled, find out how much you
will save by refinancing and what costs you'll incur.
If you are interested in refinancing, I suggest you look into this quickly because rates are anticipated to go up.
Step 1: Email your trusted licensed mortgage banker your most recent mortgage statement, asking for an analysis of potential monthly savings and costs (this should not require a credit pull, mortgage application submission or any upfront fees).
If you don't have a trusted licensed mortgage banker, you can contact our preferred lenders:
Tim Seibenthal with Cherry Creek Mortgage 303-539-0548
OR
Dana Briganti - Loan Officer with Chase Home Loans 303-245-6524
They'll quickly email you back your potential savings and expected cost to refinance along with the pros and cons of refinancing. If the monthly savings are substantial and it fits into your goals, then you can move forward with a mortgage application and credit pull (but not before).
Step 2: Lastly, feel free to run things by me before you proceed. I'm here to help.
If you'd like a free report on the process of refinancing, including the top reasons to refinance and how to understand the numbers - go to www.comortgageresource.com and download refi report on your right.
Let me know if you have questions! Call or text me at 303-898-9000 or send me and email with all of your questions at Steve@SteveJacobson.com
Thank you!
Steve J. Return to Steve's Blog