Share on FacebookTweet about this on TwitterEmail this to someone
Share on FacebookTweet about this on TwitterEmail this to someone

Call a mortgage professional to see if you qualify for refinancing and what the monthly savings will be.

If your current rate is at least 1% higher than today’s rates then refinancing would definitely be worthwhile.

Consider closing costs and length of time you plan to own the property to fully understand if refinancing makes sense. If you already have an FHA insured mortgage you may be qualified for a special program which will reduce your monthly payments with minimal documentation required.

New legislation will be voted on in November to help homeowners refinance whose home values has fallen below their outstanding mortgage.

Comments:

Join The Discussion



Related Stories
Three-story apartment building with community BBQ in Ridgewood on sale for $7.5M
Three-story apartment building with community BBQ in Ridgewood on sale for $7.5M
Queens residents will spend 51.6 percent of their income on rent in 2016, study says
Queens residents will spend 51.6 percent of their income on rent in 2016, study says
Popular Stories
Photo by Robert Stridiron
Man gets shot four times during a dispute in Woodhaven
Photos by Rene Carson for Museum of the Moving Image
Street fair in Astoria will take residents behind the scenes of movie production
Photo: Google Maps
NBC's 'The Blacklist' will be filmed at Bayside Milk Farm on Bell Blvd. next Tuesday
Skip to toolbar