Refinancing to a fixed-rate loan makes the most sense when interest rates are low. While no one can predict whether rates will go up or down in the future, many homeowners are currently taking advantage of today’s low rates to refinance from their adjustable-rate mortgage to a new fixed-rate mortgage. A potential benefit of a fixed-rate loan is stability. While an adjustable-rate loans monthly payments can fluctuate, the monthly payment of principal and interest on a fixed-rate loan will stay the same throughout the life of the loan. This can make it easier to set your monthly budget, and can also provide peace of mind. With a fixed-rate loan, even if market interest rates go up, your principal and interest payments won’t.
Lowering your monthly mortgage payment by refinancing to a lower rate or extending your loan term can make it easier to pay your mortgage on time every month, while also possibly covering your other debts and expenses. And if you are concerned about your ability to make your current mortgage payments in the future, lowering your payments now can help relieve that pressure.
However, before a loan is approved, the borrower will most likely be asked to order a professional pre-loan appraisal to assess the value of the property. Get a pre-loan appraisal from South Fulton County Home Appraiser using one of our expert, state-certified appraisers. Lenders throughout Fulton County have come to rely on the knowledge and experience of South Fulton County Home Appraiser.
South Fulton County Home Appraiser offers affordable and professional home appraisals to establish your home’s present market value. Get the information you need to make sound financial decisions. Call us today at (404) 907-1846 for all your appraisal needs. We have the experience and qualifications to meet all your appraisal needs.
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Mon-Sat 8am – 5pm
2410 Campbellton Rd. SW
Atlanta, GA 30311
South Fulton County Home Appraiser