The time to refinance your home is now - WALB.com, South Georgia News, Weather, Sports

The time to refinance your home is now

ALBANY, GA (WALB) -

Looking to save some money?

Mortgage Bankers say it's a great time to refinance your home.

Interest rates are at near record lows.

One Albany mortgage lender says now may be your best chance to get a low interest rate and take years off your payment schedule.

"If you're paying more than 4% on a 30 year fixed or if you're paying more than 3 and a half on a 15 year, either of those scenarios would be worth your while to call," said mortgage banker Stacey Walker.

According to the Mortgage Bankers Association, refinancings were up 71% in November compared to November 2011.

 

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