Well, we all know that the interest rates are going bonkers.
The trick is this, if you can afford to pay more, fine, you may in fact be better off doing nothing.
But think of an interest rate refinance like getting some insurance, once you lock in your rate, if that’s what you want to do, then you don’t have to worry. With the American dollar dropping through the floor by 30 or 40 per cent compared to the rest of the world, I’m actually shocked the interest rates are still in single digits.
The best way to refinance, if that’s what you want to do, is to use a venue that has more than one option, more than one competitor ‘competing’ for your business.
Otherwise, just tilt your head back and ask Dracula to take a bite.
One of those kinds of sites is DollarBlvd.com. You can let lenders compete to provide you with the best refinancing rate that fits your needs. If you're from Florida, there's Florida Refinance. Whether you are considering a fixed or adjustable rate mortgage, they can help you find more options at no obligation. At least you can compare the alternatives.