COVID-19 is just one of the many reasons why interest rates are at historically low rates.
With rates so low, should you be considering refinancing your home or purchasing a second property?
In this episode, Kris Dureau welcomes Mortgage Scout’s Derek Gold to discuss this and more. Together, they explore the current interest rate environment and answer questions you might have about refinancing and buying a second property.
In this episode, you will learn:
- The difference between a variable and a fixed mortgage rate
- Pros and cons of shorter and longer amortization periods
- Getting a mortgage when you’re self-employed or retired
- How a good credit score affects your mortgage
- And more!
Tune in today to learn everything you need to know before refinancing your home or purchasing that second home!