If you have been considering refinancing your home in order to get a lower interest rate, lower monthly payments, decreasing your debt or taking advantage of other benefits, now may be a perfect time.
That is, if your interest rates are lower than what they were when you took out your original mortgage loan. If that’s not true, then it might be better to wait until after you’ve paid off some of your debt or at least lowered your monthly payments by refinancing into an adjustable-rate mortgage.
This is when the lender agrees to change the terms of your loan and reduce or eliminate some of the interest charges on your existing home loan. The process involves taking out another new loan with different repayment options that will allow for more affordable monthly payments.
Just like when you apply for a mortgage for a new house, you’ll need to submit an application and meet lender requirements in areas such as credit score, debt-to-income ratio, and employment history.
Refinancing your mortgage is a great way to lower monthly payments and pay off debt faster — as long as it makes financial sense for you. This can add up to thousands of dollars, so crunch the numbers to ensure the money you’ll save in interest exceeds the closing costs.
Simply Fill Out the Form Below. Once we receive your information we will be in contact with you to discuss how we can help you can start the process of refinancing or even if it’s the right fit for you.