"NO, I would Not refinance!”
You did our mortgage a few years ago, I believe we have 7 years left to pay on it and owe approximately $68,000. Our current rate is 3.5% and are constantly being told we should refinance. Should we look at refinancing at this point? I know for sure that you would tell us straight.
Sure, they would lower their rate at least 1% lower, but how about the fees to close the loan? At this point most of their mortgage payment is principle, so it makes no sense to refinance.
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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