Just wanted to share a great article from Yahoo! Homes I came across - Four Reasons to Refinance Now Instead of Wating.
I couldn’t say it better and I totally agree.
Mortgage rates are still near historic lows and many great programs for mortgages are available only for a very limited time.
What does that mean for you?
Now just might be your last chance to take advantage of the best mortgage market in decades.
Here is a quick summary of the article and why refinancing your mortgage right now is a really, really, really good idea for you. And I do mean really.
- FHA insurance premiums are rising April 1, 2013. Another change in FHA insurance that could affect your wallet happens in May. FHA loans assigned a case number (which happens at application) before those dates will qualify for the lower insurance rates.
- HARP is scheduled to end this year.
- Benefits to refinancing during the tax season
- Market forces are beginning to show signs of an empending rate increase. The article explains this in detail.
It’s yours for the taking right now, but it won’t last. Act now and win. Wait and you just might lose out forever. That would not be good.
Read the full article here and let me know what you think!
Here’s to saving some money. That’s an idea we can all get behind. No?