Even with rates at extremely low levels, many are wondering if it’s a good idea to wait and see if rates get better before refinancing.
One of the things that’s not often considered is the amount of money that could have been saved while playing the waiting game. Even if rates do improve in the future, the dollars that would have been saved during the waiting period may be significant…A few hundred dollars saved per month could add up to potentially thousands before a lower rate opportunity arises.
It could take a long time for the incremental savings of a lower rate in the future to make up for all the money that was lost by waiting. And remember, there’s no guarantee that rates head even lower. It’s important to weigh the individual options for you and I’m here to help you do that.
Call me to review your specific situation.