Home Loan Refinancing Applications Up as Rates Fall
Applications for home loans (primarily refinances) shot up 46% nationally last week, compared with the previous week. Homeowners are taking advantage of great rates, and rightly so. However, credit.com wisely recommends obtaining a total-cost or “break even” analysis from a loan officer before moving to refinance. This type of analysis and consultation is what we specialize in here at Columbia Funding Mortgage. If a deal seems to good be true, it probably is. We will help you make an informed logical decision to ensure your short and long term financial stability.