Refinancing Your Existing Home

 

Consider the various ways in which you can improve your financial position by refinancing.

 

Lower your Interest Rate: Refinancing often makes sense if you can lower your interest rate. This will allow you to reduce your monthly mortgage expense and the overall repayment cost.

 

Get Cash: Use the equity in your home to complete needed home improvement, pay for college tuition or pay down high interest credit cards.

 

Change to a Fixed Rate: If you currently have an adjustable rate mortgage (ARM), it might make sense to switch to a low, fixed rate mortgage. This makes budgeting easier and will prevent your interest rate from inevitably rising.

 

Reduce the Loan Term: If you currently have a 30 or 40 year mortgage and you want to reduce your loan term, it may make sense to change to a 15 or 20 year mortgage.

 

Switch to Conventional or FHA: If you currently have a subprime, Option ARM or jumbo loan, now might be a sensible time to convert your mortgage to a more traditional loan program.           

                                                                                             

CALL NOW to learn more about REFINANCING YOUR HOME

1-800-955-1677