Practically, we have to understand what that is. It means to pay a mortgage 🏚, a current loan that you have. Not always must start with 30 years📆. If you have paid your house for 3 years📆, we can make a loan For 27 years, or pass from 30 to 15 years📆. When we make refinance we see what you have and what we can do, our recommendation will be based on the best we can offer.😉
What about an economic recession? 🌎 Are interest rates still coming down? 📉
You have to take action when the opportunity 👊 is there, at this moment the interest rates are very low,📉 the lowest in the last few years, either because of the coronavirus or because of other things that can affect interest rates. However, you have to take actions ☎️
When I have refinanced or buy a second house, 🏚 the fees go down more than $ 400? 💵
Very good question, 🤔 It does, It is related to what you have now and what you could have now 📆 . The real impact appears when your interest goes down in 1 or 2 points,📉 Or if any other person that has an interest rate over the 4.25 that is the moment to refinance 👍
I want to thank 👋 Jorge Campodonico for his presence. He is a very busy man, but he gave us the chance to inform people that have questions and don’t know what to do.
Thanks a lot, Jorge, I’m Carlitos Zapata from Pitbull Realty
I’m Jorge Campodonico with City Lending