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About Appraisals >Refinancing Your Home

Interest rates fluctuate as changes occur in the general economy. If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate.

You will have to apply for the new mortgage and have your current income eligibility assessed. Depending on how long you have had your present loan, a current appraisal may be required. There are closing costs, such as attorney, title fees, recording and notary fees, and appraisal charges. The biggest factor in your decision should be the length of time you plan to remain in your home. If you will be there for only a year or two more, it might not pay to re-finance. If you will be in your home longer, re-financing could provide you with lower mortgage payments. Your real estate agent can help you work out the numbers and can refer you to reputable home appraisers and mortgage lenders.

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Real Estate Trivia
Q 
What island was sold to Peter Minuit by the Indians for goods valued at 60 guilders ($24)?

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Peter Minuit arrived with a group of Dutch settlers in 1626 and purchased what is now known as Manhattan.
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Keller Williams Arizona Realty, real estate agents and broker for Cave Creek, Peoria and Phoenix Arizona home listings, property and land for sale - NUMBER1EXPERT(tm)

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Justin's E-mail: realestate602@cox.net

Justin Baker: As an agent in the top 1% of Arizona REALTORS, I have a team of extremely professional and knowledgable Realtors. Through our attention to detail and customer satisfaction, our team sells more Real Estate than most other Realtors in the Phoenix area. Because of my dedication to teach new agents how to be successful, I was choosen by the Team Leader of my office to teach classes to new agents and to lead a mentor group of approximately 30 new agents. In this industry, agents are only as good as the people they work with during the transaction. I have hand selected the cream of the crop when it comes to Home Inspectors, Transaction Coordinators, Termite Inspectors, Loan Officers and Title Companies. My clients, in return, send their friends and family. That is how I know I have done a great job! Recently, we have been EXPERTS in bank owned properties represent many different bank's assets. We are thoroughly trained and up-to-date on all the latest Real Etate trends with bank owned houses and short-sales. Do not hesitate to ask us any questions! We look forward to working with you!

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