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Colorado Mortgage Refinance

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Making a Colorado mortgage refinance move can save you a lot of money over the life of your loan. With interest rates as low as they have been, it's no wonder that more and more home owners are choosing to refinance their homes--this may be the best financial decision a person can make.

But is a Colorado mortgage refinance loan the right decision for me? It is expected that a potential borrower is asking him or herself this question. Because, while we often advise clients that refinancing is an excellent move, there are reasons why you may want to hold off.

Think about the current interest rate you're paying. You may very well feel that it is far too high as it is, but if the current market rate isn't at least 2% lower, the costs of changing over may not outweigh the benefits. Of course, with the current market notably low, the chance of a 2% or more difference is high.

We also advise people to seriously think about how long they'll be living in their homes, before they attempt a Colorado mortgage refinance. Perhaps you've been seriously thinking about selling your property and moving into a larger or smaller home in the near future--for those people, refinancing is a bad move.

Of course, many people seek to get a Colorado mortgage refinance because unexpected expenses have surfaced. In this case, seeking out a good refinancing loan is very important. As long as you meet some guidelines, and the market is ripe for refinancing, this could be the perfect move towards repositioning your investment. Contact us at First Union Home Loans to find out more.


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