Is now a good time to refinance?

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Interest rates are near an all time low. If you’re unsure of whether or not to refinance now or wait to see if interest rates will drop, you might want to consider a zero cost refi. By getting a zero cost refi, you can gain the benefit of lowering your rate AND not spend any money to complete the refi. If rates continue to drop in the future, since there was no financial expense, there is no financial loss if you decide to refinance again. Although a zero cost refi typically has a 0.125% higher rate than a refi where you pay your lender fees, you nonetheless reap the benefits of getting a lower rate than your existing rate.

If you have any questions, please feel free to contact me anytime.

How to refi after a COVID-19 forbearance on your mortgage.

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How to refi after a COVID-19 forbearance on your mortgage.

Here's what lenders require in order to allow you to refinance after a COVID 19 related forbearance. (Not all lenders allow a refi after a forbearance. Always subject to change with Covid overlay updates, but currently our lenders can help.)

 A forbearance refers to when the borrower skipped payments or did NOT make all mortgage payments in full as a result of a COVID 19 related loss of income. To become eligible for a refinance, the loan must be removed from forbearance and reinstated or go through a loss mitigation solution prior to closing.

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A message from us in light of current events...

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RealWorks stands against police brutality and systemic injustice.  We believe that all men and women are created equal and are therefore deserving of equal protection under the law.  A just society is one that treats all members with dignity, respect and a fair opportunity to achieve one’s dreams and provide for one’s family.  Now is the time to work together to build on that promise of creating a great nation for all people.