I get a lot of questions about refinaincing homes. Many people will contemplate refinancing vs buying another home. With interest rates remaining near historic lows it is a great time to purchase a home. However, if you prefer to stay in your current home, it is only worth refinanancing, in my opinion, if your current rate is over 5% and you plan to stay in the home for atleast two years. If you need to refinance your home or get a pre-approval to buy a home, our RREA inhouse lender can help. You can apply for a mortgage online with RREA or call 281.288.3500 and ask for Terry Traylor.
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