Is Refinancing Your Mortgage Still Worth It? Getting REAL Opinions

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"Should you refinance?" "Is it a good time for me to refinance?" As a mortgage broker, I get asked so often by clients, family, and strangers if it's a good time to refinance and whether or not it would be worth it to refinance their home loan. Honestly as much as I wish there was some cookie cutter answer I could give people, there just isn't a perfect way of knowing if you should refinance your mortgage or whether or not you should wait to see if the rates get lower.

When it comes down to it, your finances aren't the same as anyone else's, but I went and asked everyone (who was in the office) what they thought about if it's a good time to refinance their home loans and whether or not it's worth it to refinance. As a mortgage broker, my job is to help people figure out the best refinancing options available to them, but at the end of the day the only person who can tell you if and when you should refinance...

is you!

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What questions do you have about refinancing? let me know!

CatonDelRosario
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Great Content. SoCal homeowners typically carry large mortgage balances due to the price of homes in their market. The 1% savings rule is dated and definitely not a 1 size fits all metric. I know AMN offers some great low cost and no cost options to clients as well.

dwmordue
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Great job Brotha! Very approachable video for refinance, last weeks MBS though X)

sonnyalquizar
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Great video! My husband and I just refinanced our home. Our savings will go towards our student loans because those are now our highest interest payments.

JirehChiECE
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Waisting equity on silly experiences, NOT GOOD ADVICE! A house is not an ATM, it is a vehicle to wealthy, but be careful because markets go up and down, this next economic downturn, you could find yourself upside down on your house because you wanted to go to Disney Land, yah, pretty stupid. Now, if you can Refi and payoff Debt, and the numbers work, do it, but dont make a habbit outta it..

irishman