The Real Deal Miami

Barbara Corcoran says refis a good move

February 04, 2010 11:34AM

Many homeowners might think the decision to refinance a home loan can be a fraught one, but Barbara Corcoran, founder of the Corcoran Group, told NBC that it should be a no-brainer for a lot of mortgage-holders. “There are so many positives,” Corcoran said of mortgage refinancing, particularly if you want to shorten the term of your loan. But ending up with a good mortgage in the first place, Corcoran said, requires buyers to pay attention to credit scores first. “The number to bear in mind for the best loan out there is a credit score of about 720,” Corcoran said.