87 Old Martin Rd, Cartersville, GA

July 18th, 2012 mullinaxteam Posted in Buyers, First-time home-buyer, Foreclosure, Freddie Mac, Home Care, Home Values, Loan Modification, National Association of Homebuilders, Pending Real Estate Sales, Re-finance, Sellers Comments Off on 87 Old Martin Rd, Cartersville, GA

Charming log home with a rocking chair front porch and  an additional large 2 car garage/workshop.  Beautiful wood interior with 4 bedrooms, 4 baths and lovingly maintained.  Open floor plan with gleaming hardwood floors, stone fireplace with a wood burning insert and a built-in corner cupboard.  Gated entrance to this secluded 5 acre hideaway.  This is a Fannie Mae HomePath Property.  Purchase this home for as little as 3% down. This property is approved for HomePath Mortgage and renovation mortgage financing.  87 Old Martin Rd is priced at $194,900.  Call us today for more details at 770-606-0054.

A Question Many People Are Asking Themselves: Should We Refinance?

February 17th, 2009 mullinaxteam Posted in Financing Options, Re-finance, Real Estate Tips and Advice Comments Off on A Question Many People Are Asking Themselves: Should We Refinance?

Front Door of Brick House

There are lots of good reasons to refinance and most of them involve saving money.

When refinancing your mortgage, you must look at the big picture to see if it really makes financial sense for you. Since rates are at an all time low, many people are considering it. Here are some ways to help you decide if it will benefit you or not.

If you have plans to pay off your mortgage in the next few years it makes no sense for you, as you will not be able to recover the re-financing fees in time. Same thing goes if you are planning to move in the next few years.

If you are planning to stay in your home for many years and currently have an Adjustable Rate Mortgage, then refinancing to a 30-Year Fixed is a very good option for you. Refinancing may not lower your monthly payments by all that much, but you may sleep better knowing that those payments will never go up.

Another good reason to refinance is if you are currently paying a very high rate. A very good rule of thumb is to calculate your costs and make sure that you can earn back the roughly $2,000 in fees that you will pay, within two to three years.

Two other things to consider are that if you are paying less interest over time, you will pay more taxes. Also, money that you pay in refinancing fees could be invested instead. Think of the return on that sum you could earn over thirty years!

Only you can decide if refinancing will work for you.  Remember, when you refinance, you’ll want to find the best overall terms available for the type of loan that fits your needs.