Are you considering refinancing your home but aren’t sure if it’s the right time to do so? Today’s mortgage rates are near historic lows! This means that it’s a great time to look into your options and take full advantage of the benefits refinancing can offer you. These benefits include getting a lower interest rate for lower monthly mortgage payments, in addition to consolidating high-interest debt, getting cash out from your home, and even changing to a loan program that better suits your financial needs. Contact us today to explore your options.
Take the opportunity to view the various benefits of refinancing below and start the pre-approval process today!
LOWER YOUR RATE/PAYMENT
By lowering your rate and monthly mortgage payment, you can save a substantial amount of money on interest and increase your cash flow. You can use the extra money for retirement savings, paying other debts, making extra principal payments to pay down your mortgage faster, or other useful purposes. A lower mortgage payment means more money for everything else in your life.
GET CASH FROM YOUR HOME
Tap into your home’s equity and take money out for what you need. Make home improvements to increase the value of your home, pay for college tuition, or buy an investment property. If you need to finance a major purchase or unexpected expenses, using the equity in your home is a smart alternative to using other higher interest rate financing options.
CONSOLIDATE YOUR DEBT
Are you a homeowner exploring options to consolidate your debt? Use the equity in your home to consolidate your higher interest rate loans or credit card balances by refinancing with low, tax-deductible mortgage rates.
CHANGE YOUR LOAN PROGRAM
Are you looking to change your loan program? Refinance into a home loan that works best for you. Convert from an adjustable rate to a fixed rate and have the peace of mind that your rate will not change over time. Maybe you would like to shorten the term on your loan from a 30-Year to a 15-Year and pay down the principal and build equity faster. You would also save a bundle on interest payments.