If you need assistance, please call 801-661-1557

Should You Refinance? | Hailey and Oomee

Tuesday, November 1, 2016   /   by Jessica Salazar 801.416.3344

Should You Refinance? | Hailey and Oomee

Should You Refinance?

graystone-social-ads-3Yes. Well, probably.

Give us a minute – we get really excited about these things.

But here’s the thing – it’s November. November 1st, actually — and let me tell you, we’ve been waiting super excited because this is the start of  Refi month. Because, well, in the mortgage industry, the chance to save money while helping people make their dream a reality, it’s what we do.  It’s a mortgage lender’s jam, if you will.

So, back to your question – should you refinance? Well, it depends on your individual circumstance (so you should call us and we’ll eat chocolate and talk it out), but there’s a very real chance that it would be a good idea.

People get nervous about things they’re don’t have complete control over, and interest rates are one of those things – especially at the end of the fiscal year, and even more especially when that fiscal year just happens to correspond with an election year. Everyone is wondering what’s happening, and what’s coming.

Well, we’re no political masters, but we certainly ARE mortgage masters, and here’s what we know.

Refinancing before the end of the year can be a really good idea, and here’s a few reasons why.

    1.  Interest Rates: Interest rates are solidly low right now, and if they’re better than your current rate, we should have a conversation – because lower interest = more money in your pocket. And that’s a good thing. Especially at the end of the year. Refinancing can put you in a better financial position, better rate, better terms, and lower payments.

    1. Programs:  When it comes to refinancing, there’s not a one-size-fits-all approach, and there are programs to fit the needs of every circumstance. Whether you choose to follow a traditional refinance, an FHA or VA streamline refinance, and then the potential for a cash-out refinance program, which can put money in your pocket right at the time of year when it comes in most handy.

    1. Prepping to meet those new year financial goals: Whether you jump on the resolution train or not, getting yourself set for your new financial year begins with what’s most likely your biggest payment of all. Refinancing can get you closer to your goals than sticking with your original mortgage terms – whether that means a lower interest rate, a shorter lending term, and even a smaller payment, it’s worth it to see what a refi can do for you.

    1. You get to hang out with us. We should have put that at number one.

So whether or not refinancing is the best plan for you (spoiler: probably, most likely it is), isn’t it worth it to find out? Let’s find out, together.

Impower Real Estate
Steven & Jessica Salazar
9071 1300 W #205
West Jordan, UT 84088

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of September 19, 2019. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2019 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Conspicuous display of the following: Information deemed reliable but not guaranteed accurate. Buyer to verify all information.