When Is A Good Time To Refinance Your Fort Lauderdale Mortgage?
We always hear the saying that if you can’t lower your rate by 1% it isn’t worth refinancing. That is not true. It is a good barometer to use when thinking about refinancing but for some people it could be less than 1% or more than 1%.
Interest rates have come down some of late so it might not be a bad idea to look at the possibility of it depending on your current interest rate. There are no closing cost refinance options so if you are at say 6% but only plan on staying in your home for another year or 2 you could still lower the interest rate without taking on additional costs.