February 3, 2012
Refinancing in hard times
Today, it is more important than ever to make sound financial decisions with every aspect of one’s life. That includes staying up to date with all bill payments and performing annual financial audits on items such as land-line telephone service plans, cell phone service plans, cable TV contracts, credit card plans, and your residential mortgages. Of this list, the most essential audit you can perform is to your home mortgage. Even in economically hard times, lenders are often times offering record low refinancing rates to customers who are up to date on all bills and whose credit history is clean. With that said, it is in your best interest to keep abreast of the mortgage trends so you are ready to jump in the refinancing market if an opportunity presents itself.