Cut through the red tape of a refinance.
Experienced homeowners don’t need to pay for someone to explain the mortgage process to them. You’ve been there, done that. What you do need is a hassle-free mortgage refinance that will lower your bills through a creative term agreement and lower rates. Let Rosie show you a few examples of how to:
Lower your payments with a longer term.
If you’re locked into a short-term mortgage, extending the length of your mortgage can reduce the amount you owe monthly. For example, extending your term from a 15-year to a 30-year loan can save you $532 a month on a $200,000 mortgage at 3.5% rate. Image the difference that could make in your monthly budget’s bottom line.
Decrease your interest rate.
It’s always smart to consider refinancing when mortgage rates go down. Some homeowners have been known to refinance multiple times, all to reduce their monthly payment over the term of the loan.
Access the equity in your home.
Looking to do a home renovation project? Worried about footing the bill for your new college student? Through a strategic refinance, you can leverage the equity in your home to help pay for upcoming expenses.
Pay off your home quicker.
Some homeowners prefer to pay off their home quicker, favoring a slightly higher monthly payment over long-term debt. By refinancing your loan to a shorter term, you not only shorten the number of mortgage payments you make, but you also reduce the amount of interest you pay over the term of the mortgage.
Our Rate Quote Tool includes a break-even calculator to help balance interest rates with closing costs to see if refinancing makes sense for your goals.