Guide to refinancing
This page is filled with resources all about refinancing. Some common questions I get:
- What is refinancing?
- How long do I have to wait to refinance?
- How do I know if I should do it?
- What types of refinances can I do?
- Can I use my home equity to consolidate debt?
- Is it true I should wait until rates drop 1% to refinance?
The video above addresses these questions, and other videos on the page cover topics related to refinancing.
Looking for a mortgage calculator to see if refinancing makes sense? Check out the free ones here:
https://nolalender.com/mortgage-calculator/
As with any financial tool, there are pros and cons to refinancing. My best advice is to check with your trusted mortgage advisor for all scenarios, and do not fall for solicitations you get via mail/email/text/phone. Even if it is your current loan servicer! Even if it makes sense, there are likely better deals out there!
Tim Pillsbury
AmRes Corporation (American Residential Lending)
Veteran Mortgage Advisor
NMLS #101822
(985) 77-RATES
http://www.NolaLender.com
National Rate Averages
30-Yr Fixed
%
↑
↓
→ 0.000
15-Yr Fixed
%
↑
↓
→ 0.000
30-Yr Jumbo
%
↑
↓
→ 0.000
30-Yr FHA
%
↑
↓
→ 0.000
Historical Trend
Source: Optimal Blue Mortgage Market Indices (OBMMI). Indices reflect aggregate rate lock data. Learn more.