Shannon: Today I’m joined with our lending partner, Motto Mortgage Simplified. Taylor Leaptrotte is a Mortgage Loan Originator. Taylor, thank you for joining us!
Taylor: Of course!
Shannon: I want to discuss interest rates and at what point someone who got a loan last year should start looking at refinancing?
Taylor: This year would be a great year to look at refinancing, as rates are already starting to go down, and they’re expected to keep going down throughout 2024. A lower rate means a lower monthly mortgage payment to you, and refinancing is at no cost to you and it also allows you to skip a monthly mortgage payment.
Shannon: What if somebody has equity in their home? How can they access it?
Taylor: The easiest way to access is a cash-out refinance. You can use the equity in your home to consolidate or pay off some debt, to buy new real estate, or to do those home improvements that you’ve been looking at doing.
Shannon: What else should we know?
Taylor: If you like the interest rate on your home, you don’t necessarily have to do a refinance, we do have home equity loan options for 10, 15, and 20 year amortizations that allow you to access that equity without having to change your monthly payment rate.
Shannon: Awesome! Well, thank you so much! We appreciate you coming and sharing that with us.
If you’re interested in accessing your equity, click the button below! You’ll be redirected to a form you can fill out, and then Taylor can reach out to you!
If we can help you in buying or selling, give us a call! My team and I are on standby, 7 days a week, ready to help you take the smoother road to sold, and Taylor and Motto Mortgage Simplified are here to help make that smooth for you as well!