With mortgage rates historically low and the economy continuing its slow recovery, the best solution for many homeowners is to refinance. By taking advantage of the rates available today across a number of different products and terms, those who refinance their existing mortgages could save much more than they would otherwise earn by investing. In fact, even an extraordinarily great stock market run where the current levels DOUBLE, would be less beneficial than refinancing in many cases. Some who refinance could see the value of their efforts increase 5 times.
Mission Mortgage continues to see many existing homeowners refinancing their current mortgages to save money and/or shave time off of their existing commitments. There are so many options available, all with incredibly low mortgage rates, that we strongly recommend all homeowners to contact us to see how a refinance can be most beneficial. In some cases, refinancing may not be a suitable financial move. But for most, the value of refinancing will be far superior than other investing options.
Now, we understand that we’re in the mortgage business and we look at these things everyday. Our view, some might think, is swayed by the industry. So, here’s a link to an article that ran in last weekend’s Austin American-Statesman. The article by Scott Burns spells out the value of refinancing. He even explains who would best benefit by refinancing and provides concrete examples that are easy to understand. Click here to read his article, then email us at firstname.lastname@example.org to arrange for your own personal consultation to determine your best course of action.