Home Loans Arizona - California - Nevada - Utah

It is always a good to refinance your home. If you have the income, credit, reserves and equity to move forward with a refinance, then go for it. Also, things to consider with purpose of the refinance such as:

• Lower the rate
• Fix the rate from a adjustable one
• Remove the mortgage insurance
• Cash out to pay off debt, college for kids or home improvements projects
• Lower the term from a 30 to a 20 or 15 year
• Take someone of the loan 
• Etc Etc this list can go one

The 2 questions that homeowners are for when refinancing their home, "What do you think the rates are going to do in the coming months" and " What do you think the values are going to do in the coming months"?

You know no one really has the answers for those, if you list to one news

station or read a report in this one particular newspaper, one source might say rates are going up and the will say they are coming down, same thing with home values. Who ever can predict the market I am sure has picked the winning lottery numbers. 

We are such a global economy, what happens over seas will and can effect our market on interest rates and the old adage on a products price is "Supply and Demand" less supply better the cost and high supply higher the cost.

So if you are looking to purchase or refinance a home, any time is a good time as long as you can afford to and it meets yours and your family needs / budget, no ones else's but yours. move forward on the loan. When we want something bad enough as humans we find a way to make it work and that needs to be applied towards refinancing your home or purchasing one.

What I advised my existing and new clients is, "what are goals are you looking with refinance"? and as long as we meet those goals is a smooth and low cost productive manner, then it only makes since to refinance your home.  

It does not hurt to explore your options with a refinance to see if the numbers work for you. I welcome the opportunity to review your credit, income and equity to be to present you figures to review and discuss the benefits with a refinance.

by Nathan Rufty