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Gobble up low interest rates.

Harvest the savings and find your WHY to buy or refi! 

There are a lot of questions Mark can’t answer (Why is one serving of Thanksgiving turkey never enough? Why does Aunt Margie feel the need to ask why you’re still single? Why are Black Friday shoppers so psychotic seriously, WHYYY?) but he can answer this one: WHY should you buy or refi? Here are 3 reasons people decide to buy a home or refinance.

1. My bills are off the charts.

Lower your monthly payments by refinancing your current mortgage or buying a home instead of renting. If you’re living paycheck to paycheck every month, look at what you’re paying for housing. Renters throw away money by paying rent on a property they don’t own and aren’t earning equity on. Also, a lot of renters find that they can pay less for a mortgage on a nicer home than their rent for a smaller apartment. Current homeowners could also cut their monthly expenses by refinancing to a lower interest rate or changing the loan term length.

2. Free up some moolah!

If you already own a home, refinancing could help you take advantage of the equity in your home and free up cash. With extra spending money each month, you could have some serious fun, like making awesome upgrades to the house that make your life more enjoyable and increase the property value! The extra cash you free up by refinancing could also help you pursue bigger financial goals, like paying off debt, saving for your kids’ college or your retirement, or making a generous donation. Dream big, because the possibilities are endless!

3. Tired of being nickeled and dimed.

Some homeowners refi just to get rid of extra fees or premiums and lock in fixed rates. Conventional loan borrowers can get rid of their Private Mortgage Insurance (PMI) costs by refinancing to have 20% equity in their home. FHA loan borrowers can save thousands every year by refinancing to a different loan type to eliminate their Mortgage Insurance Premiums (MIPs). Some borrowers refi to change from an Adjustable Rate Mortgage to a Fixed Rate. These changes might not seem drastic, but they definitely add up over time. You could either save a pretty penny by refinancing now or lose a chunk of change in the future. Mark knows you’ll make the right choice for you!