Hunter Financial Group: Refinancing Services

Hunter Financial Group is a company that prides itself in offering a comprehensive suite of home financing services. Of course, this means mortgage qualification, for those seeking to purchase a new home. Additional services include means refinancing—something that many homeowners stand to benefit from. But what does the refinancing of a home really entail—and when should you consider doing it? Read on for a few tips and some basic insights.

When is it Time to Refinance?

There are two schools of thought on this particular subject. The tried-and-true rule of thumb. If rates drop by a full two percentage points, then it is time to refinance.

However, HFG contends that, in today’s world, this old adage is just Too restrictive. In some cases, it might even prove prudent to refinance when rates have dropped by just a single percentage point. This is true for homeowners who plan to stay in their homes for a long while; and, who encounter a really excellent deal. In these cases, refinancing can prove very financially beneficial.

Refinancing Tips

Here are a few further pieces of advice about the refinancing process—all of them from the mortgage professionals at Hunter Financial Group:

• In many ways, the refinancing process is similar to the initial mortgage application process.
• Some lenders might offer you “no-cost” financing, but you should know that this generally indicates significantly higher interest rates.
• There are many different reasons for considering the refinancing options that are available to you—including the desire to convert from an adjustable to a fixed-rate mortgage, or to build equity by changing to a shorter-term mortgage.

Hunter Financial Group: Does Refinancing Pay?

To determine whether it pays to refinance, you might consider these questions:

• What would your monthly savings look like?
•  What is the total cost of refinancing—including appraisal costs, title search, and so on?
• How many months will it take you to break even?

Hunter Financial Group maintains that asking and answering these questions can help homeowners make prudent decisions. In many cases, refinancing may prove advisable. Hunter Financial Group offers an array of services, including refinancing options. Hunter Financial Group is known as a comprehensive mortgage solutions company.