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Should you refinance?

Posted by kim carpenter on February 4, 2009
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Mortgage rates are dropping to record lows, it is no wonder Indianapolis area homeowner’s are wondering if they should refinance or take advantage of the lower rates to make a move.

Before you decide to refinance, consider the following:

  • Is your interest rate a full percentage above current rate?
  • Is your FICO score 740+, this is the score you will need to get the best rates?
  • Do you have at least 3% equity in your home?
  • Do you plan to stay in your home long enough to recoup the fees associated with refinancing?
  • Shop around for the lender that best suites your situation

Or have a real estate agent give you a free CMA on your home, it might be the right time to make a move!

Search Homes in Fishers IDX Your Fishers Homes Value CMA

Kim Carpenter “” –Geist/Indianapolis Real Estate Agent
Keller Williams Realty Indy Metro NE
Geist/Indianapolis IN Real Estate Website

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