Should You Consider Refinancing?   Refinance calculator
Pre Qualification Form
Many people consider the decision regarding the refinance of their home to simply be related to lowering interest rate, and therefore lowering the payment. This is of course the most obvious element in making such a decision. There are, however, more powerful factors to consider, which may even make the interest rate and monthly payment relatively insignificant. Consider this. The least expensive money available to us is a loan against our home. This is particularly true since the interest on our home loan is the biggest tax write off most of us have. For example, a home loan at 8% for an individual in the 30% tax bracket really costs 5.6% (70% of 8) after taxes. Therefore, wouldn't it make sense to have as much of your debt as possible at that kind of rate? If you have car payments, credit cards or other debt, they are financed at a much higher rate. If you don't have other debt, think of the advantage of using the In either event, there is an enormous advantage to be gained from efficiently using the equity in your home. USE THE CALCULATER BELOW TO TEST YOUR OWN SITUATION. THEN CALL US FOR A FREE CONSULTATION OR FILL OUT AND SUBMIT THE FAST AND EASY PRE QUALIFICATION ON THE FRONT PAGE.
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