September 29, 2020
2 MINUTE READ
The financial crisis that began in 2007 left many Americans in dire straits, but homeowners were among the hardest hit through foreclosures and plummeting property values. While the nation’s economy is showing healthy signs of slow but steady recovery, the idea of refinancing your home or attempting to secure any type of financing can be daunting.
Armed with a bit of knowledge about the current financial climate in the country, along with some credit score and homeownership statistics, you will be able to better understand what recovery looks like in a post-collapse world.
First, it’s important to realize that it’s not all doom and gloom. The media is adept at making things sound a lot worse than they really are. A lot of homeowners are recovering equity in their homes and their credit is still in good shape.
Second, and most important, is to pay attention to how low interest rates are. If you’re one of the 56% of homeowners who have a mortgage rate higher than 4% then it would be a good idea to look into refinancing.
When you’re ready to refinance you can get a custom quote and complete your application online. From quote to close, we’ll be with you every step of the way.