Is Refinacing right for you ?

Mortgage Bankers Association reports that the average American refinances his or her mortgage every 4 years. It is important to consider both cost & benefits before making your decision.

Three Top Reasons Refinancing Is Right For You

1. To Obtain A Lower Fixed Rate. If you took out your fixed mortgage several years ago & interest rates have dropped, refinancing may lower your payment considerably.
2.To Build Your Equity Faster.You may want to refinance your mortgage with a shorter term.This results in a higher monthly payment but pays off your mortgage with a shorter term. You will save substantially on long term interest charges.
3.To Turn Home Equity Into Cash.This is called a cash out refinance.You may want to take out a new mortgage with a larger loan amount.You can get cash out to pay off existing debt, such as credit cards at a much lower rate.You can pay for college tuition or make that improvement to your home you have longer for.

IS MORTGAGE REFINANCING RIGHT FOR YOU?

How long you expect to stay in your home should be considered before refinancing. Also, you might want to check with your current lender to make sure there is not a prepayment penalty to pay off your loan early. If you need help deciding whether refinancing is right for you please give me a call for assistance. The process is easy & takes less than 30 days from start to finish.It can be done where this does not cost you any money out of your pocket. The cost to close is rolled into your new loan amount.Rates are at an historic loan and probably will never be this low again.

Shop York County

Hard to believe that we are in the holiday season, but ready or not here it is. People are decorating their homes, putting up the Christmas tree and thinking about all the gift giving they plan to do. During this time of year shopping can quickly become a frustrating task, but make it fun and special to find the perfect gift for the people you are blessed to have in your life. As I start thinking about the shopping I will do I plan this year to try and stay away from the hectic pace of a big city and enjoy the many local shopping opportunities that our area has to offer. A couple of favorite places that will be part of my shopping destinations include the Millwood area, Baxter Village, Manchester, the Galleria and downtown Rock Hill. Great shops that are unique and quaint and offer selections galore include Monkeys and Mermaids, Paula Gillman and Company, Birds of a Feather, Chicos, Overhead Station, TJ Maxx, Books A Million, New South Interiors, Target, Belk and so many more. The new Wal Mart in Rock Hill is incredible and I love the layout so I am sure I will be making a trip or two for many items. Make the most of your shopping by sticking close to home and enjoying all the many shops that York County has to offer. Have fun and let the shopping begin!