Refinancing At Today's Low Mortgage Rates

In Florida a huge number of people have lost their homes to foreclosures, short sales or have no equity because of the downfall in the real estate market.  But there are still a few people who have 5, 6 or 7% mortgages and have equity in their homes.  IF you are one of those, this is a great time to refinance.  Refinancing homes and pulling cash out was one of the big mistakes people made when the market was going up up up in value.  I NEVER recommend refinancing your house and taking out cash for ANY reason because I believe EVERYONE should try to become debt free.  That being said, if you can take your current mortgage at 6% and get a 3.9% interest rate for very little cost, then you should definitely consider doing this.  There are several great places to refinance right now including places like your credit union, some online loan companies and even banks.  I will be glad to analyze your situation to help you determine if this makes sense for you.