"Homeowners also face certain dilemmas in spite of their market options. While fixed rates are still a good option because they remain historically low, they may not offer significant savings on short-term loans if market rates fall. One-year ARMs typically have lower rates than, say, 30-year fixed-rate mortgages, but their savings are minimal compared to the latter in the long run. In any case, homeowners must weigh their options carefully before they refinance their outstanding home loans. For homeowners in South Carolina, this means consulting with a trusted mortgage expert such as Churchill Mortgage to arrive at sensible decisions based on their circumstances. With proper guidance, homeowners can refinance their SC mortgage loans and enjoy savings despite the rising rates."
http://south-carolina.churchillmortgage.com/industry-news/will-rising-rates-make-south-carolina-mortgage-loans-hard-to-refinance/
No comments:
Post a Comment