“Dear Mr. Kent, do you have some kind of reading material about home refinancing? We would appreciate it if you can send us some materials on this matter because we are seriously thinking of refinancing our San Diego home before our adjustable loan gets mature.”
Answer:
Thanks for your email. Since I don’t handle mortgages myself, I don’t have any refinancing information, but I found this link that may help you:
http://www.smartmoney.com/personal-finance/real-estate/should-you-refinance-9695/
FYI, the old belief that you should refinance if you can lower your rate by 2% no longer holds true. It depends on the cost, but usually if you can lower your rate by 3/4% or more, you should consider it.
I suggest you call my preferred lender Robert Geiler of Rancho Financial, (858)451-0620 x226, Robert@RanchoFinancial.com.
Good luck.
