Should I refinance my loan? rates are at all time low?

This is a question I get asked a lot even from other realtors.

Yes rates are low but understand when you refinance you reset the clock if you have 10 years in on a 30 year and refinance you could be looking at a 40 year mortgage.

Also there are fees involved a lot of lenders say they don’t charge fees but they really roll them into the loan they do need to get paid also there are other fees, appraisal (yes sometimes waived), escrow and title fees, and other miscellaneous fees. This will get added in and it may not pay to refinance even with a lower payment because you have increased your balance.

For instance: I refinanced a mortgage with my lender in 2013, they told me there were no fees…

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Finding the perfect time to buy a home is a challenge that requires research and a bit of luck. While timing the purchase perfectly might be desirable, the truth is the right time is a personal decision. As we enter 2020, you might be wondering if this is the right time to buy your dream home. With a strong economy, low unemployment and higher household income, there are 3 great reasons why you should consider buying that dream home this year. 

1. A Home is a Great Investment – Real estate remains one of the best investments one can have. Based on hard assets, real estate tends to weather the ups and downs long term better than other investment tools, such as stocks or bonds.

2. Mortgage Interest Rates are Low – Interest rates have fallen over…

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 Do you feel like things are out of control? If you’ve listed your home for sale every day might feel this way. But that’s not what we’re talking about here. The truth is there are really things sellers can’t control. But don’t worry; even though you can’t control everything, there are ways to deal with these unknowns.  Buyers – Oh if only we could control buyers. They show up at odd times, they write crazy offers, they make odd repair requests and they can be difficult. One time a deal fell through because a Feng Shui Master didn’t like the color of the kitchen.  The Market – Market forces determine so many things; interest rates and sales prices. While you can’t change these forces, you can get all the information you can so you’re prepared for how…

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Drum roll please – Pantone has chosen Classic Blue as their color of the year. Over the past couple years, bold colors on walls has become common place in designer magazines and new model homes. Bucking the old guidance of using bland, light hues to make rooms look larger, deep greens, rich reds and even soft blacks are used in even the smallest spaces. This year, Pantone has chosen a fresh Classic Blue to inspire homeowners and designers in 2020. Classic Blue is just want it sounds like – as classic. Think of your favorite sneaker or school binder and you’ll be right on track. Described as a calming, familiar azure, Classic Blue is an uncomplicated, straightforward tone intended to provide a “neutral” backdrop for modern color…

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