Is It Time To Refinance
Your Home?
What Does Refinancing Mean?
Loan refinancing refers to the process of taking out a new loan to pay off one or more outstanding loans. Borrowers usually refinance in order to receive lower interest rates or to otherwise reduce their monthly payment amount. Rates are at an all time low, see if you qualify today!
5 Reasons Why You Should Refinance Now:
1. GET A LOWER INTEREST RATE
A reduced interest rate will lower your monthly payments and could literally save you thousands of dollars!
2. SWITCH YOUR MORTGAGE TYPE
You have the option of switching
3. GET CASH
You may be able to do a cash-out refinancing option to fund that home project you’ve been dreaming about!
4. BUILD EQUITY FASTER
Shortening your loan program will reduce the portion of your monthly payment that goes toward interest and will allow you to pay off your principle faster – and build equity faster.
5. SWITCH TO A FIXED-RATE LOAN
If you currently have an adjustable-rate mortgage, now may be the perfect time to refinance to a fixed-rate loan. Locking into a fixed rate can protect you from rising interest rates to come, and a fixed payment is easier to plan and budget for.