Tampa Bay Year End Financial Review – Don’t forget about possibly refinancing

 

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Andrew and Angela Duncan, #1 RE/MAX Agent in Floridatalk to Mike Yates of Atlantic Bay Mortgage about refinancing. This is the time of the year that people review their current situation and plan for the next year.

For those not selling or plan to hold on to their home longer, this is a good time to look into refinancing. Rates are still historically low. There are still a lot of opportunity with the housing market gains the last couple of years. Your home might have more equity than you think. You can use it to pay some of you debt off, maybe use it for upcoming expenses like home improvement or you may just want to get your home paid quicker. Traditionally 10-15 year mortgages not only save you a ton of money on the back end but also have better interest rates than 30 year ones.

If you went through some tragic credit issues before like a foreclosure or filed for bankruptcy in the past,you might be surprised at the possibilities that might be available to you in a refinance situation. Time heals a lot of wounds in the credit world. Your credit might not have been high enough before but the lender you speak with may be able to give you quick tips on how to get you to that point quicker or although you went through foreclosure or bankruptcy, you might already be able to qualify for refinancing.

To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sunday at 10 am.