Growing your own fresh produce not only provides you and your family with naturally grown vegetables and fruits, but it also gives most people a sense of pride knowing where their food came from and that they grew it themselves. Starting a window garden is an inexpensive way to provide fresh herbs and lettuce, a creative way to reuse objects around your house and save a little money — and it’s a fun family activity.
So, you’ve probably heard by now that mortgage rates are at historic lows – again. People everywhere have been saying that now is a great time to refinance to a fixed-rate mortgage. And it could very well be – especially if you’ve currently got an adjustable rate mortgage.
As always, there are things you’ll need to qualify for refinancing to these record-breaking low mortgage rates. Our Home Loan Experts are happy to help walk you through the qualification process and the different loan options that would best fit your individual situation and needs.
In the meantime, check out what Kiplinger has to say about refinancing right now:
The 30-year fixed-rate mortgage is one of the great gifts to the American middle class,” says Mark Helm, a planner at Helm Financial Advisors in Falls Church, Va. No one is suggesting that you load up on debt you can’t afford, but a long-term mortgage at a fixed rate so low you’re unlikely to see it again in your lifetime can work to your advantage.
Next, consider the tax break. Someone in the 28% tax bracket with a 30-year mortgage at 4% will average more than $1,300 a year in tax savings over the life of the loan, according to Bankrate.com, whittling the after-tax mortgage rate to 2.9%. Nothing in the stock or bond markets is guaranteed, but a well-balanced portfolio has a good shot of beating that rate of return in the long term, especially in a tax-advantaged account.
Read the entire article here.
And check out this helpful video from MSN to learn more about how refinancing now could help you save money.