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Reasons To Refinance

by Judi Monday, Your Green Valley AZ Expert

Regardless of the reason to refinance a home, the basic question to ask is: “Do you plan to live in the home long enough to recapture the cost of refinancing?” There are always expenses involved in refinancing which can be paid in cash or rolled into the new mortgage.

From a strictly financial standpoint, the break-even point is achieved when the cost of refinancing has been recaptured by the monthly savings. It would take approximately 23 months to recapture $4,000 of refinance costs with a lower payment of $175 a month.

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  1. Lower the rate
  2. Shorten the term so that the loan will build equity faster and be paid off sooner.
  3. Lower your payment to reduce your monthly cost of housing.
  4. Convert an ARM to a FRM to stabilize your payment due to concern of rising interest rates.
  5. Cash out equity to be able to use the money for another purpose.
  6. Combine a first and second mortgage.
  7. Consolidate personal debt so the interest is tax deductible.
  8. Payoff higher cost debt such as credit cards, student debt, etc.
  9. Remove a person from a loan as in the case of a divorce.

Points paid to purchase a principal residence are tax deductible completely in the year paid. However, the points must be spread over the life of the mortgage on a refinance. For that reason, consider getting a “par” value loan with no points. It may have a slightly higher rate but the interest will be fully deductible and it will lower the cost of refinancing.

Determine the break-even point on your situation by using the Refinance Analysis . Call for a recommendation of a trusted mortgage professional.

Make Your Garden A Haven For Backyard Birds

by Judi Monday, Your Green Valley AZ Expert

50 Showers That Create A Splash

by Judi Monday, Your Green Valley AZ Expert

Backyard Escapes: 8 Luxurious Garden Rooms

by Judi Monday, Your Green Valley AZ Expert

How To Conquer Kitchen Counter Clutter

by Judi Monday, Your Green Valley AZ Expert

3 Kitchen Features You Might Not Have Thought Of

by Judi Monday, Your Green Valley AZ Expert

43 Insanely Clever Upgrades To Make Your Home

by Judi Monday, Your Green Valley AZ Expert

You are going to love this video and its 43 insanely clever upgrades to make your home.   From unique ways to use wasted spaces to simple, yet innovative ideas for hiding the unsightly...

Check out more featured YouTube channels at Judi's YouTube Channel.   While it is still in it's infancy, my goal is to make it a go to site for all things real estate, interior design and more.  If you like what you see, please subscribe. - See more at: http://www.greenvalleyazrealestate.com/Blog#sthash.2o2qI26X.dpuf

 

Check out more featured YouTube channels at Judi's YouTube Channel

Check out more featured YouTube channels at Judi's YouTube Channel.   While it is still in it's infancy, my goal is to make it a go to site for all things real estate, interior design and more.  If you like what you see, please subscribe. - See more at: http://www.greenvalleyazrealestate.com/Blog#sthash.2o2qI26X.dpuf
Check out more featured YouTube channels at Judi's YouTube Channel.   While it is still in it's infancy, my goal is to make it a go to site for all things real estate, interior design and more.  If you like what you see, please subscribe. - See more at: http://www.greenvalleyazrealestate.com/Blog#sthash.2o2qI26X.dpuf
Check out more featured YouTube channels at Judi's YouTube Channel.   While it is still in it's infancy, my goal is to make it a go to site for all things real estate, interior design and more.  If you like what you see, please subscribe. - See more at: http://www.greenvalleyazrealestate.com/Blog#sthash.2o2qI26X.dpuf
Check out more featured YouTube channels at Judi's YouTube Channel.   While it is still in it's infancy, my goal is to make it a go to site for all things real estate, interior design and more.  If you like what you see, please subscribe. - See more at: http://www.greenvalleyazrealestate.com/Blog#sthash.2o2qI26X.dpuf
Check out more featured YouTube channels at Judi's YouTube Channel.   While it is still in it's infancy, my goal is to make it a go to site for all things real estate, interior design and more.  If you like what you see, please subscribe. - See more at: http://www.greenvalleyazrealestate.com/Blog#sthash.2o2qI26X.dpuf

27 Medicinal Plants Worth Your Garden Space

by Judi Monday, Your Green Valley AZ Expert

 

 

 

 

It is important to have medicinal plants around the house because you never know when you might need them. So here is a list of plants that have the highest medicinal value compared to the other million species around the world worth planting around the house.

Add Some Pizazz To Your Front Door Entryway

by Judi Monday, Your Green Valley AZ Expert

For more design tips for your home, subscribe to my YouTube Channel.

Iconic Home By Richard Neutra

by Judi Monday, Your Green Valley AZ Expert

Iconic designs is a work of architecture that fulfills us in ways we didn't know we needed or wanted and in ways we certainly didn't expect. 

Check out more featured YouTube channels at Judi's YouTube Channel.   While it is still in it's infancy, my goal is to make it a go to site for all things real estate, interior design and more.  If you like what you see, please subscribe.

Displaying blog entries 21-30 of 30

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Judi Monday
RE/MAX Valley Properties In Green Valley, AZ
210 West Continental Road
Green Valley AZ 85622
Direct: (520) 241-7780
Fax: (520) 648-2221