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As mortgage rates drop into the 5's, the "refi mills" are in full swing. You will be barraged with phone calls, emails and mail, often made to look like they are from your mortgage lender.

These solicitations do not provide sound mortgage advice - they are lead generators. IGNORE THEM and speak to a trusted local lender that will only advise and act in your best interest.  Also, refinancing with your current mortgage servicer DOES NOT save you money or reduce paperwork!

WARNING - Don't let any of these solicitors pull your credit or you will be instantly inundated with calls and emails by the bottom-feeders that subscribe to "trigger leads" provided by the credit bureaus.

IF you are going to have someone pull a credit report, then "Opt Out" of pre-screening at least 24 hours in advance at this website - www.OptOutPrescreen.com  

I've already gotten tons of calls from people falling victim to this!  Please share to give your friends and family a heads up.

Here's a checklist to review if you're considering refinancing

• Interest Rate over 7%
• Paying PMI when you have more than 25% equity
• Sitting on Equity and paying 20%-30% rates on revolving debt
• Have an Equity Line that may be nearing the end of its term (it’s due in full at that time)
• Have an Equity Line and want to lock in the rate to avoid risk
• Want to lower your payment by extending the term back to 30 years
• Need funds for deferred maintenance on your home (renovations, roof, impact windows…)
• Feel insecure about your financial future and want to have liquid cash in hand
• Get cash out to invest in another property
• I just don’t know what I should do!

The answer to "Should I refinance?' can be determined with an easy 5 minute phone call or email - 561-373-4149 or djpoulos@elitelending.biz 

NO PRESSURE, just sound advice.