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Real Estate Tips
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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Real Estate Trivia
Q 
What land did the U.S. Government buy for $7.2 million?

A 
The U.S. bought all of Russian America (Alaska) from the Russian Czar in March 1867.
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Arnowitz and Associates, REALTORŪ, real estate agent and broker for Aventura, Miami Beach and Miami, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Bradley E. Arnowitz PA, RPS, CLHMS
1355 Real Estate Associates, Inc.

Formally, Re/Max Beach Properties
3301 N.E. 183rd Street, Suite 405
Aventura, FL 33160
24/7: 305.776.6113
Facsimile: 305.402.0707
Brad@ArnowitzProperties.com
ClientCare@ArnowitzProperties.com

Re/Max Hall of Fame - Top Residential Team, Florida
Founder, The Institute for Luxury Home Marketing
Renowned Property Specialist
Certified Luxury Home Markeing Specialist
Voted "Best Local Realtor" Miami Sun Times
Miami Beach Area Council Chair, Realtor Association of Miami & The Beaches

CLHMS Equal Housing MLS REALTOR


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