Strategic Steps to Time Your Refinance

We hear it all the time:
“When’s the best time to buy or sell?”

The truth? The best time is when you’re ready.

Trying to perfectly time the real estate market is nearly impossible. But there is something you can time — your mortgage refinance.

Many homeowners who bought in the last couple of years secured rates a point or more higher than today’s dips. And when rates drop this spring, those opportunities may only last hours — not days.

If you want to take advantage, here are three things to have ready:

1. Be connected with a trusted mortgage broker.

2. Have all your financial documents submitted in advance.

3. Answer your phone immediately when they call.

Mortgage rate drops can move fast — like Wall Street fast. When your broker says it’s time, you need to be ready to act.

Preparation beats prediction every time.