Should I Refinance?

If you think the only time to refinance your mortgage is when interest rates are at rock bottom, you may be missing out on tremendous opportunities to save.

Why now?

• If you currently have an adjustable rate mortgage (ARM) - especially one you closed within the last two years - chances are the interest rate on your ARM exceeds today's rates.
  The Benefits to You: Refinancing to a fixed-rate mortgage locks you into one rate for the life of your loan. That means no more increases in your monthly principal and interest payments.



• Refinancing may give you funds to pay off revolving credit balances, pay school tuition, or expand or remodel your current home.
  The Benefits to You: With a reduced total monthly debt, you may be able to pay your mortgage off faster. We'll compute monthly payments for 15- and 30-year loans.
  


• Your closing costs on refinancing can be rolled into the refinance package.
  The Benefits to You: Get the advantages of refinancing, without depleting your available cash.



• Monthly housing payment too high? Now might be the time to lower your payment by refinancing to an Interest Only Adjustable Rate Mortgage (ARM), especially if you plan to stay in your home no more than 3 to 5 years.
  The Benefits to You: You will have an additional cash flow by reducing your monthly housing payment.

If you are thinking about refinancing, call us today at 1-877-326-2265.