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Financial annalyst discusses refinancing

Submitted by admin on September 15, 2010 – 11:31 amNo Comment

Today on Chit Chat: Wednesday, Sept. 15, 2010

Guest CPA Michael Eisenberg talked with Chit Chat Host Leslie Stratmoen about when to refinance your home. He said many people are considering it because interest rates are at an all-

Michael Eisenberg

time record low of 4.5 percent. So, the best candidate, he said, is someone who secured the loan in the past five years, has equity built up and brings in the same salary or more as did when took out the loan. Potential re-financers must look out for a pre-payment penalty. That would be a stipulation built into the original loan that forces the buyer to pay a penalty for paying off early.

To listen to the interview — CLICK HERE

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