Before you decide if and when to refinance your mortgage, you should consider:

• the interest rate of the existing mortgage
• the interest rate of the new mortgage
• The cost of refinancing
• how long you plan to stay in your home
• how much equity you have built up in your home
• your current income and credit status

If you can lower your mortgage interest rate by one percentage point, refinancing may be a good deal. As mortgage rates go lower, this rule of thumb may become less meaningful. Other factors also ultimately affect your decision, such as how long you plan to live in the home.

Contact our Refinancing specialist to get started:

Carol Conley (828)612-5623
carolconley@earthlink.net