mortgage rates drop

April 24, 2019

Taking Advantage of Mortgage Rates Drop Orange County

The interest rates on mortgage continue to decline this year. What does this mean to homebuyers? If you are one of those who are familiar with how a mortgage process works, you can easily work on to take advantage of this trend. However, if want more insights about interest rates drop Orange County, then read on as this post is for you. The current interest rates drop Orange County may be the best time for you to: Refinance your mortgage. If you bought your home several years ago while mortgage interest rates were higher, then you might want to go for refinancing your home with the significant drop in interest rates. Doing so could translate quite a good cut back on your monthly payment. Talk to a reputable mortgage expert to learn more about some options most favorable to your unique case. Buy a new home. If you are planning to buy a new home, this could be the most ideal time to work on your plan. It is important to note, however, that you should have enough money to put down (the recommended is 20%) so that your monthly payment will not be a heavy obligation for you to carry on. Choose a fixed rate mortgage. If you are buying a home, the time of interest rate drop may be your best time to choose a fixed rate mortgage, particularly if you are planning to reside in it for many years. It offers a significant advantage in terms of […]