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.

	See All Tips In The "About Appraisals" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Tabatha Davis
RE/MAX First
2608 East Parkway
Russellville, AR 72802
479-747-2466
Fax: 479-967-0033
TabathaDavis@NUMBER1EXPERT.com

Listing information courtesy of: RE/MAX FIRST

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Russellville Board of REALTORS®. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Information deemed reliable but not guaranteed.

Broker Reciprocity is the current compilation of active listings of all Broker Reciprocity subscribers except those listings where the seller or the seller's agency has opted out of Internet publication by so indicating on the listing contract or by written notice to the Multiple Listing Service.

Each RE/MAX Office is Independently Owned and Operated. © 2004-2007 Reliance Network and RE/MAX. All rights reserved. US Reg. Copyright TX-5-910-991, TX-5-910-992, TX-5-910-993, and TX-5-910-994. Equal Housing Opportunity www.remax.com

www.TabathaDavis.net is brought to you by Tabatha Davis
NUMBER1EXPERT™ in real estate for Russellville, Atkins and Dardanelle, Arkansas

Read Tabatha Davis' Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge