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Lower your Interest Rate, lower your Mortgage Payments, and increase your cash flow by paying off high interest debts!
There are many things to consider when refinancing and it's important to talk about different loan options with your Mortgage Professional. You should be entirely up front and open about your short and long-term financial goals with your Mortgage Professional. Remember, we work for you. Help us help you make the most educated decision possible about refinancing your home.
The amount of time you plan to own your home will heavily impact the way you decide to stucture your new loan. If you don't plan to be in the home for a long period of time, it will be in your best interest in most cases to choose a cost/rate structure tailored to minimizing costs. Even though you may have a slightly higher payment as a result, your balance will be lower for when you decide to sell or move on. Contrarily, if you plan to be in your home for a long period of time, it will make more mathematical sense for you to get the lowest possible rate and pay more points to get the lowest payment and therefore the smallest long-term payout. Make sure you clearly communicate the amount of time you plan to own your home to your Mortgage Professional early in the process.
It is essential to get informed about refinancing options, rates and expenses. Learn more. |
