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Real Estate Tips
About Appraisals >Refinancing Your Home

Interest rates fluctuate as changes occur in the general economy. If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate.

You will have to apply for the new mortgage and have your current income eligibility assessed. Depending on how long you have had your present loan, a current appraisal may be required. There are closing costs, such as attorney, title fees, recording and notary fees, and appraisal charges. The biggest factor in your decision should be the length of time you plan to remain in your home. If you will be there for only a year or two more, it might not pay to re-finance. If you will be in your home longer, re-financing could provide you with lower mortgage payments. Your real estate agent can help you work out the numbers and can refer you to reputable home appraisers and mortgage lenders.

See All Tips In The "About Appraisals" Category >
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Real Estate Trivia
Q 
How can you give your home the equivalent of sunglasses?

A 
Install low "E" squared glass filters sunlight, saves on energy costs and prevents fading of furniture, drapes and carpets.
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The Holmquist Team, REALTOR®, real estate agent and broker for Chester, Long Valley and Mt. Olive, New Jersey home listings, property and land for sale - NUMBER1EXPERT

The Kelly Holmquist Team
Keller Williams Towne Square Realty

59 East Mill Road
Long Valley, NJ 07853
Cell: 908-451-4676
Fax: 908-946-0211
Office: 908-867-7109
KellyHolmquist@NUMBER1EXPERT.com

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