Time to Refinance?

With mortgage rates currently at – or near – the lowest of the year, many homeowners think to refinancing. Here are some benefits to refinancing:

  • Build equity more quickly – if you’re able to swing a 15-year loan, you’ll save many many thousands of dollars in interest costs over the course of your loan
  • Eliminate mortgage insurance – lower monthly payments by eliminating this added expense
  • Lower consumer debt – take the money you save by lowering monthly mortgage payments and pay down those high-interest credit cards
  • Move to a fixed mortgage rate – move away from stress-inducing adjustable rates

These are just a few reasons why refinancing often makes sense – and save you cents.

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