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35 Views ā€¢ Mar 7, 2024 ā€¢ Click to toggle off description
Gone are the days of sticking with the same mortgage for three decades. Today, homeowners are seizing the opportunity to refinance for a myriad of reasons. Need to repair a leaky roof? Want to build an Accessory Dwelling Unit (ADU)? Planning to pay off Junior's college tuition? Refinancing could be the solution you're looking for.

But why the reluctance to stick with the original loan? Well, let's rewind to the 1980s when interest rates soared to a staggering 19%. Fast forward to today, where rates are significantly lower. Picture this: You bought a home in the '80s for $200,000 with that eye-watering interest rate. Suddenly, your lender calls, offering to slash your rate to a fraction of what it was. VoilĆ ! Instant savings.

And then there's the pandemic perk: With rates hitting historic lows, savvy homeowners like Mikey here have been refinancing left and right. Imagine snagging a mortgage rate as low as 1.99% ā€“ it's practically free money! So, if you're considering refinancing, now might just be the perfect time to make your move. #MortgageRefi #FinancialSavvy #realestate #realestatetips #losangelesrealestate
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Views : 35
Genre: People & Blogs
License: Standard YouTube License
Uploaded At Mar 7, 2024 ^^


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RYD date created : 2024-03-09T20:11:44.062182Z
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