Rates are still at historic lows!
Yes, mortgage rates are still at near historic lows. At America’s Moneyline, many of our clients have been taking advantage of the low rate opportunities and so should you! Mortgage rates have stayed near these lows for the past few months, and refinancing rates have bloomed as result. If you’re thinking of taking advantage of real estate’s lower rates, it’s best to act quickly because now is a great time to refinance your existing home loan.
If you need more mortgage details or information regarding reasons to refinance, consider reaching out to us. You want to ensure you’re locking in a lower interest rate in order to reduce your monthly mortgage payment and save money in the long run.
In general, homeowners usually refinance their mortgage to lock into a lower-rate loan to save money. You should refinance if you can check off any of these boxes:
- You can reduce your current interest rate by at least 0.75%
- You have at least 20% home equity
- You have a good credit score: You have or a FICO credit score of 700 or above.
Contact America’s Moneyline today to get started!