Is it going to be harder to refinance one year from now?

Question by Claudio F: Is it going to be harder to refinance one year from now?
Our balloon mortgage is due to expire in 2 years and we have to refinance before the expiration.
Is it going to be harder to refinance if they don’t pass the bailout plan?

Best answer:

Answer by Landlord
The bailout is going to raise rates, not lower them.

No one knows the future, but I would expect it to get harder, both in requirements and in higher interest rates.

I would refi now, your loan was never meant to mature, it is for short term investing only.

Add your own answer in the comments!

This entry was posted in Q&A and tagged , , , , . Bookmark the permalink.

One Response to Is it going to be harder to refinance one year from now?

Leave a Reply

Your email address will not be published. Required fields are marked *