Home mortgage refinance?
by CO Refinance on Friday, January 20th, 2012 | 2 Comments
I need to know if this a good time to refinance an existing home mortgage. I purchased a home in san antonio in may 2009 at 6%. What are the best banks who would offer me low refinancing rates?
CAll around locally and see what the rates are in your area. Always deal locally if you can yes even if eventually the loan is sold to an out of town entity.
Then make sure the fees can be recovered fairly quickly.
Your options will depend on, among other things, what type of loan you have/seek (conventional, FHA, VA) and how much equity you have in the house.