Is Refinancing in Your Future?

There are a variety of opportunities in the Central Pennsylvania real estate market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here. Is it time to refinance? Click here! 

Does your mortgage rate start with the number 5, or higher? If so, you may be throwing away money on a monthly basis. Right now, mortgage rates continue to be in the low 4%'s, but won't be that low for too much longer. Refinancing at a lower rate is very common among homeowners and  a great way to reduce your monthly payments.

Deciding to refinance is an important decision, and you don't want to make a rash decision. 
Here are 4 things to consider before refinancing:

1. What are your goals?
  Determining your goals is one of the first things you should do. Refinancing your home won't pay off any debt you have, but will restructure it in a way that will help you save money, shorten your mortgage, or both. 

2. Can you lock in a lower interest rate?
 Rates are still very close to all-time lows. Getting a lower rate now can end up saving you thousands of dollars a year in interest. 

3. Is it financially possible?
 Refinancing your home comes with associated costs. It is similar to a home purchase loan, so there will be fees incurred. Having a lender walk you through the process should give you an idea of whether refinancing is a good option for you. 

4. When is a good time to refinance?
 Determining when to refinance often depends on how long you plan on staying in your home and what your personal and financial goals are. Typically, the fewer number of years you plan on staying, the larger the reduction of an interest rate you would need to be able to consider refinancing. 

Refinancing your home can be very beneficial, but it may not be the best financial decision for you. Every home is different, so do your research before making a decision.

If you have any questions about refinancing, or if you have any other questions. Feel free to give us a call or send us an email. We'd love to help out!

How we helped Ed buy a home by working around his family’s schedule

"When we were looking for a real estate agent, we wanted to work with someone who was willing to work around our schedule. Joy and her team quickly exceeded our expectations in helping us find a home. They were there for us, they walked us through many homes, and were even chipper and brought us coffee when we’d go look at homes at an unholy hour on a Saturday morning. I never had to wait longer than 30 minutes for them to return a phone call and they were also involved in the community, which shows a commitment to the community at large. Joy has sold over 3 homes for my family and when she sells my current home in the spring, we look forward to working with the best team in Harrisburg and Central Pennsylvania!"

How we helped Mitzi sell her home by being helpful through every step of the process

"They helped me sell my home even through some of the wrinkles that my ex-husband caused. They had peak traffic through my house and they did a very good job with the marketing aspect. I just always felt comfortable with her. They really helped me through the closing and even after the sale when I had breast cancer and couldn’t mow my grass, my Realtor Nick came out a couple times to help me with that which was above and beyond! It was just a really good experience and I recommend Joy all the time!"

How we helped Gary with his real estate needs with our great team effort

"We’ve worked with Joy for several years now. She aided us in buying the current house we’re living in and also the house that we just sold. Joy and her whole team just have their act together. I was in the business for myself and I know how hard it is to get a team to click and she just seems to be able to do that."