Mortgage rates have fallen.  This is a GREAT time to refinance, and lock in savings before the holiday leaves you strapped for cash.  Think of what you can save by locking into lower rates today.  Why Refi Your interest rate sets the cost of your mortgage loan.  You borrowed money and agreed to repay the…

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Should you refinance NOW? Sept 18, 2019, the Federal Reserve announced a federal funds rate cut of .25% or 25 basis points.  The immediate results of this is that funds to banks will cost less, which hopefully will affect the interest rate your bank will offer you, as a borrower.  But your bank lending rate…

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Just because you can refinance doesn’t mean you should refinance.  What did you say? In the last few years, more borrowers have been refinancing their FHA mortgages to extract cash from their home equity.  This is a worrying trend, since massive cash out refinances preceded the 2009 housing market crash, leaving many homeowners trapped in…

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