Find out if now is the right time to refinance! You may be able to lower your monthly payments or reduce the time it takes to pay off your loan. You may also be able to save even more if you use your refinance proceeds to pay off credit card or other installment debt, since mortgage interest is usually 100% tax-deductible, and interest on consumer debt is not. Or, take your payment savings and make that 401k contribution or set aside the kids college fund. Here are other important reasons to consider refinancing:
- Get a lower mortgage rate and reduce interest costs.
- Convert an adjustable rate mortgage to a secure, fixed-rate mortgage.
- Consolidate your first and second mortgages into a mortgage with a lower rate.
- Get cash for family wants and needs.
- If you are moving in a few years, a 3 or 5 year ARM mortgage might save you big $$
- Low competitive rates
- Easy online application
- All types of mortgage programs
- Guidance and advice from an experienced loan professional