The Three- to Five-Year Refinance: Why You Shouldn't Get Married to Your Interest Rate

We've all heard the saying, "If you love something, let it go." Well, when it comes to real estate, I'm here to tell you that's some BS. If you love your house, hang onto it! And if rates happen to go down, refinance and get a lower monthly payment. That's what I did, and I'm here to tell you all about it.

Source: Forbes

If you're thinking about refinancing, here are a few things you should keep in mind.

1. Research your options.

There are a lot of different lenders out there, so make sure you shop around and find the one that's right for you.

2. Get pre-approved for a loan.

This will give you a better idea of how much money you can borrow and what your monthly payments will be.3. Know your break-even point. This is the point at which the money you save on your monthly payments equals the cost of refinancing. For me, this was about 2 years. 4. Have realistic expectations. Refinancing won't solve all of your financial problems, but it can help you save money each month.

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So, if you're considering selling your home because you think rates are going to continue to rise, think again! Rates could go down at any time, and then you'll kick yourself for selling. Instead, hang tight and enjoy the ride. And when rates do go back down, refinance to get a lower monthly payment. If you're thinking of buying a home in San Diego, now is a great time. Inventory is high and there are plenty of amazing homes on the market to choose from. So start your search today and experience the exceptional living in San Diego!

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Having sold properties for more than 17 years and earning various prestigious awards throughout the course of her career, Melina Rissone has more than earned her reputation as one of San Diego's most skilled and trustworthy real estate brokers. Her following of loyal clients is a testament to the level of dedication she puts forth in every transaction she oversees.

Hardworking, attentive to detail, and a strong negotiator when it comes to the financial aspect of buying or selling a home, Melina gives clients a competitive edge when it comes to accomplishing their goals in the best and most lucrative manner.

Passionate about real estate and its possibilities, Melina supports all things "real estate" and, in addition, specializes and is certified in the following:
* Coldwell Banker Global Luxury and Institute of Luxury Home Marketing certified.

*Cartus Network Inventory Specialist and Cartus Network Marketing Specialist since 2015. This means more accurate pricing, shorter marketing times, and higher adjusted sale rates when working with us.

*RCS-D Designation, a Real Estate Collaboration Specialist for Divorce.

*SRES Certification through NAR is a Seniors Real Estate Specialist certification.

Whether clients aim to purchase the home of their dreams, sell a property, or make an investment for their future, Melina's market expertise, proven foresight, and meticulous planning strategy ensure a successful endeavor each and every time. Melina is bilingual in English and German.
Melina has been recognized as the Top 4% of all real estate brokers in San Diego County in 2021 and the Top 3% of Coldwell Banker International. She has been awarded the Coldwell Banker Presidents Elite Award.