FREQUENTLY Asked Questions
If you are asking the question you are probably hearing what others have too, and it may already be too late. Rates are volatile in this age of instant worldwide communication. It is vital to be in position to take advantage of rate movements that may last only a few hours.
Here is what I advise. Get Pre-Approved for a refinance now. The most important step is to talk to your lender and determine what are the benefits you want and the rate at which you can achieve them. Then go through the steps to get Pre-Approved. In many cases these are few. For a salaried employee it is often just an ID, most recent W2 and a pay-stub.
You will need to get your credit pulled to determine what rates you qualify for and complete an application (These are good for 90 to 120 days but once done can be easily refreshed). This under normal circumstances will take about 15 minutes at most.
I am happy to take the time to explore your situation and give you the best advice I can. I will prepare a Spreadsheet so you will know exactly how much you can save, what your costs are and what your break-even point would be on a range of interest rates and programs. Give me a call and get prepared today.