Is now a good time to refinance your home? Have you been thinking about refinancing your home?
Hi everyone, this is Fawn Bertram from Homes by Fawn. If this is your first time in this channel and you want to know everything about living, working, shopping, dining, and playing in Oahu then click that subscribe button and bell so you’re notified when new video content is released.
My team and I are receiving calls daily from people like you who are moving or relocating to Hawaii. So let’s talk about whether now is a good time to refinance your home?
Need to Know
If you are considering refinancing your home, should you do it now? The answer may depend on what your current interest rate is. Interest rates have been hovering in the high 2s, low 3s. If you currently have an interest rate that’s higher than 4%, refinancing might allow you to keep some extra money in your pocket or invest it elsewhere.
Refinancing is a great way to get out of debt, save money on interest and lower monthly payments. It’s also an excellent option if you want to take cash out for renovations, other projects or to purchase an investment property.
You can even use the funds from your refinance to pay off credit cards or student loans! Refinancing can also help you get rid of private mortgage insurance (PMI) if the balance on your loan is less than 80% of the value of your property.
There are many reasons why people choose to refinance their homes, but it’s important that you know all the details before making any decisions. Our team would be more than happy to connect you with a trusted lender so you can have a conversation with them & see if it would make sense for you! If this sounds like something you might be interested let us know.
Now if you want more information about buying or selling a home in Hawaii, we have people reaching out to us every single day and we absolutely love it.
If you’re thinking about moving or relocating anywhere in Oahu, there is no greater compliment we can receive than a phone call, a text, an email or if you want to get on the calendar, click here to schedule a call with a member of our team. However, you want to get a hold of us, we got ya covered.
For more information, visit my Youtube channel with more helpful tips on the home buying and selling process. I’m Fawn Bertram with Homes by Fawn and Hawaii Life Real Estate. Make it a great home buying and selling day.