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About Appraisals >Refinancing Your Home
Interest rates fluctuate as changes occur in the general economy. If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate.
You will have to apply for the new mortgage and have your current income eligibility assessed. Depending on how long you have had your present loan, a current appraisal may be required. There are closing costs, such as attorney, title fees, recording and notary fees, and appraisal charges. The biggest factor in your decision should be the length of time you plan to remain in your home. If you will be there for only a year or two more, it might not pay to re-finance. If you will be in your home longer, re-financing could provide you with lower mortgage payments. Your real estate agent can help you work out the numbers and can refer you to reputable home appraisers and mortgage lenders.
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| Q |
How did actress Jayne Mansfield decorate her Hollywood "Pink Palace" without buying any furniture?
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| A |
She wrote to furniture suppliers asking for free samples, telling them they could brag that their furniture was in her outrageous mansion. She received over $150,000 worth of free merchandise. |
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The Coveny Team
RE/MAX Prestige
410 Robert Parker Coffin Road
Long Grove, IL. 60047
Phone: 847-634-6300
Fax: 847-634-6266
website: www.covenyhomes.com
Email: susan@covenyhomes.com
The Susan Coveny Team assists their clients by focusing on these seven priorites:
1. Providing Quality Service
2. Providing Professional Advice
3. Delivering a Successful Market Plan through Innovation
4. Addressing the Customer's Individual Needs
5. Team Work
6. Meaningful Communication
7. Continual Professionalism
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