Rob West

A Good Time to Refinance? with Dale Vermillion

November 13, 2020
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Interest rates are at a historical low and it has many people wondering, is now the time to refinance? It’s true, mortgage rates have never been lower, but what else has to be taken into consideration when refinancing? Today, host Rob West talks with mortgage expert Dale Vermillion about the current real estate climate and whether now is a good time to refinance or not.


·      First time homebuyers are positively affected from low interest rates because they can own cheaper than they can rent.


·      Just because we’re at historic lows in interest rates doesn’t mean they’re going up any time soon.


·      Interest rates likely won’t raise until 2022 because of the coronavirus and the state of the economy.


·      Make sure you talk to multiple companies and have your documentation when looking for a lender. Do your homework to know what you’re getting into.


·      Always try to lower your payments and shorten your term when dealing with a loan.


·      Always ask for the annual percentage rate of a loan, not the interest rate.


·      Go with the lender you know first and then compare them to other lenders.


·      Keep in mind that during the pandemic, getting a loan can be a really long process.


Here are a couple of questions we answered from our callers on today’s program:


·      I had heard that we don’t have to take RMDs out this year. Is that true?


·      Do you know of a legitimate way of exiting an unwanted timeshare? (Rob mentions



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About MoneyWise

MoneyWise is a daily radio ministry of MoneyWise Media. Hosted by Rob West, the program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

About Rob West

Rob West is the host of the nationally syndicated radio programs MoneyWise and The MoneyWise Minute heard on more than 900 radio outlets each day. Rob also serves as the President of Kingdom Advisors, an international community of financial professionals who are specialists in delivering biblically wise financial advice. Rob serves as primary spokesperson for the organization and gives leadership to organizational strategy.

A radio veteran, Rob previously co-hosted a live, call-in, financial radio program with his father from 1998 through 2008 at WAFG, Fort Lauderdale, FL. Rob has dedicated his professional career to working at the intersection of faith and finance having led a successful faith-based financial services firm, serving as the host of several radio programs on a biblical approach to finance, and speaking frequently on the topic. Rob and his wife, Julie, live in Marietta, GA with their four children.


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