Rates are low right now (for future reference it is Friday, August 20th, 2010). Really low. The media is buzzing over mortgage rates reaching another “record low.” Seeing these numbers may have your eyes wide and your wallet jumping for joy. Unfortunately many people who could see substantial savings by refinancing right now won’t. Some will wonder whether it is worth the up front costs and how much they will really save. Some will be afraid they won’t qualify. Others will think it is too much of a hassle. And many will mean to and simply won’t get around to it.

We understand the validity of each of those reservations and certainly don’t mean to dismiss them – but let’s look at them one by one. We want to make sure as many people as possible are able to save money by taking advantage of these low mortgage rates. It is especially important right now as our economy and many US families are working so hard to recover financially. [Read more...]