The Ramsey Group - Time to Refinance or BUY!

March 22, 2009 · Print This Article

With the recent drop in mortgage interest rates and the government offering special incentives for first-time home buyers the time to take action is now! Whether you are selling your home or not everyone needs to look at how the recent changes in the mortgage situation can benefit them.

First-time Home Buyers Take the Money and Run!

First-time home buyers need to understand just exactly what is available to them. Most people know about the tax credit for housing loans for first-time home buyers. However, most people don’t really understand it. To get a better grasp on how it affects you simply click here. Tax Credit for First Time Home Buyers.

Not Selling? What about Refinancing?

Even if you are not selling your home you should look at how the lower mortgage interest rates could affect your mortgage payment. If you refinance your current loan you might save a lot of money. Remember though, there are closing costs associated with refinancing a mortgage. So, you have to check the numbers carefully to ensure that the amount of money you are saving is enough to cover your closing costs based on how long you plan on living in the home. If you need help with this calculation feel free to contact The Ramsey Group. To get to us simply click on the Contact section of the menu above. That will allow you to contact us directly. We are always happy to help so click it now if you have any questions about real estate or your mortgage.

Written by Mark Ramsey