Interest rates fluctuate as changes occur in the general economy. If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate.

You will have to apply for the new mortgage and have your current income eligibility assessed. Depending on how long you have had your present loan, a current appraisal may be required. There are closing costs, such as attorney, title fees, recording and notary fees, and appraisal charges. The biggest factor in your decision should be the length of time you plan to remain in your home. If you will be there for only a year or two more, it might not pay to re-finance. If you will be in your home longer, re-financing could provide you with lower mortgage payments. Your real estate agent can help you work out the numbers and can refer you to reputable home appraisers and mortgage lenders.

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Michael and Rebecca Straley
Capitol Premier Realty
Licesed Realtor/Broker in the Commonwealth of VA
701 Kenmore Avenue #220
Fredericksburg, VA. 22401
Office: 540-479-4444
His Cell: 540-834-6263
Her Cell: 540-379-1949
Office Fax: 540-479-4445
All Contracts to : 800-657-0864
Email:: Michael@CapitolPremier.com
Email:: Rebecca@CapitolPremier.com

Contact me and let's talk. My goal is to listen, give you facts, and help you make informed decisions. I represent your best interest, there is no pressure, just good old fashion "red carpet" service. We can move as slowly or quickly as you wish, but first you have to call...or drop me an email and I will take it from there. It couldn't be any easier. Look forward to the opportunity to serve your real estate needs.