I know I am not in the mortgage industry and I do not play a mortage lender on TV; but, interest rates are soooo ridiculously low right now that it is almost a crime not to refinance.
Here are 3 strategic reasons to refinance today:
1. Take what you save on the mortgage and pay off debt. Down with debt because…
2. Nest egg the money to put towards a new home, car, furniture, etc. Cash is King and having the financial wherewithal is vital.
3. Finally, FHA mortgages are assumable so when interest rates rise; you will have the advantage in the market. It could be a wonderful marketing advantage when the time comes.
This is a great opportunity to take advantage of a current market situation that will put people in a great strategic financial situation in the future. Time to think forward. Where do you want to be?