Home Refinancing

The local Jacksonville movers noticed there’s been a lot of talk and attention surrounding refinancing in the month of August. Some are saying that this might be the best time to refinance a home because of the low interest rates. However, the Jacksonville moving specialists want to remind everyone that refinancing depends on various factors, not just the interest rate. These include home equity, your credit history and your cash flow as well. Here’s what’s been going on regarding refinancing in the month of August: There’s definitely been an increase in loan applications, specifically 21% more mortgage applications in the week of August 5th, compared to the week before with three quarters of them being for refinancing. The Mortgage Association Bank reported there’s been 63% increase in refinance application. In mid-August, refinance application for jumbo loans increased 75% compared to the earlier days in August.

If you’re not looking to refinance your home, but rather sell and move out, don’t forget All My Sons of Jacksonville movers when it comes to hiring a professional moving company. The local Jacksonville movers are reputable and professional, not to mention very affordable.