September mortgage rates forecast The interest rate on the most popular mortgage has fallen to…
You may be wondering whether it’s worth it to refinance your home loan. Rest assured my team and I are here to make the process as smooth and painless as possible. We’ll answer all of your initial questions and walk you through the entire loan process, with the end goal of securing the right home loan for you.
As a rule of thumb, check out four reasons why refinancing can be a smart move. By refinancing, you may be able to:
Lower your interest rate, making a big difference in your monthly out-of-pocket costs for housing, meanwhile saving money on financing fees over the life of your loan.
Build equity faster. Homeowners who are in a position to make higher monthly payments could switch from a longer to shorter term mortgage, where available.
Change your loan program from an adjustable-rate mortgage (ARM) to the stability of a fixed-rate mortgage, taking advantage of more attractive rates and loan programs.
Cash out on equity you’ve already established for home improvement projects you’ve wanted to tackle, to pay off debt, or send your child to college.
If you would like to discuss whether refinancing makes sense at this time and all available opportunities, contact a HUNT Mortgage Consultant today.