Looking to Refinance... Any Advice?

Updated on March 22, 2009
K.B. asks from Woburn, MA
6 answers

Does anyone have any advice about refinancing? I'm trying to decide if it's the right time. We pay 6.75 % on our current loan of about $100,000. It's hard to know how low a new rate should be to make the closing costs and all worth it. Does anyone have a company/person that they could recommend?

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Smallavatar-fefd015f3e6a23a79637b7ec8e9ddaa6

R.H.

answers from Boston on

Hi K.,

My husband & I just refinanced our home last week. We went from having an adjustable mortgage at 6% to a fixed 30-year mortgage at 4 7/8%. The person we used is Rick Renna with NE Moves Mortgage (he has offices in Acton & Groton). This is the 2nd time we've used him & we can't say enough good things.

One other thing that's very important: he has a great relationship with the person that would appraise your property. I put together a list of the upgrades that we made & we were able to get a VERY favorable appraisal of our house. He can be reached at ###-###-####.

Good luck,
R.

Smallavatar-fefd015f3e6a23a79637b7ec8e9ddaa6

M.K.

answers from Boston on

Right new is a great time for a refi with the Fed just buying a bunch of long term debt!! My husband and I have bought two houses and refinanced once (filling out the paperwork to do another!!) and there is only one person that I will use - His name is Michael O'Donnell and he's out of the Citizens bank in Woburn. I've used other agents and he's by far the most professional and courteous of them all! His cell is: ###-###-####
Good Luck
M.

Smallavatar-fefd015f3e6a23a79637b7ec8e9ddaa6

D.M.

answers from Boston on

definitely refinance, now is a great time, rates are low.. I usually go to lendingtree.com and you'll get 4 quotes - the better your credit,the lower your rate will be... good luck!
D. M.

p.s. I'm in the process of refinancing for 4.375% with 2 points

Smallavatar-fefd015f3e6a23a79637b7ec8e9ddaa6

A.C.

answers from Boston on

I loved our mortgage broker. Warm, caring, smart, and hard working. Her name is Debbie Siegel, [email protected]____.com, ###-###-####. She'll tell you the truth.

Smallavatar-fefd015f3e6a23a79637b7ec8e9ddaa6

L.P.

answers from Boston on

K. check out www.BetterYourRate.com Jeff Chamers is great he is local honest and great to deal with. L.

Smallavatar-fefd015f3e6a23a79637b7ec8e9ddaa6

B.V.

answers from Boston on

Marcia Lazar - Mortgages Inc.
1 Wall Street, Burlington, MA
###-###-####

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