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

Q  What are three of the best indicators of real estate market trends? A  Existing home sales, new home building and mortgage interest rates. See More Real Estate Trivia >

Mike and Leslie Flaherty Flaherty Realty, P.A. 15065 McGregor Blvd., Suite 101 Ft. Meyers, FL 33098 239-849-9595 Fax: 239-466-4395 leslieflaherty@NUMBER1EXPERT.com www.FlahertyWaterfrontHomes.com is brought to you by Mike and Leslie Flaherty NUMBER1EXPERT™ in real estate for Ft. Myers, Ft. Myers Beach and Bonita Springs, Florida, Luxury Waterfront Read Mike and Leslie Flaherty's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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