Being in real estate is similar to being a doctor … your always on call and everyone wants your advice for free – but unlike the doctor I’ll never say “call me in the morning.”
As the holidays just wrapped up, I’ve had several discussions with friends, relatives, strangers, etc. that are considering refinancing their home.
When should you refinance?
The general rule of thumb is the new rate is 1 percent less than the loan you currently have. Of course, this may be a day late and a dollar short as mortgage rates have ticked up about 1/4 percent this morning.
If you are looking to talk with a lender, here are a couple that I work with on a regular basis:
- David Zambo, Park National Bank, 614-841-0771
- Bill Channell, Fifth-Third Bank, 614-563-9845
Good luck and until next time …
Toby’s Tip is an occasional feature on Sadie’s Take on Delaware that focusses on items that people – or maybe a person – could potentially find useful. Logo is property of Ohio Home Team, ltd. and images were taken by Toby Boyce and Kristi Cook and are used with permission.
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