If you live in Colorado this Colorado Refinance Guide will clear your confusions and will help you make a better decision!
Many Colorado residents are in a unique position for refinancing. Median home values in the centennial state have climbed dramatically – by over $100,000 – since 2012. Depending on your initial loan terms, and property value, you might have a significant amount of equity in your home. This is a perfect compliment to the current mortgage rates in Colorado (CO).
Current refinance mortgage rates in Colorado are comparable to national rates, which are low based on the historic averages. Renegotiating from a higher interest rate to the lowest possible payment can be a sound financial decision for many reasons.
There are a number of strategic reasons for a homeowner to refinance. Here are a few that might resonate with you: