We have gained an 8th of a point in interest this week! It’s a great time to consider an FHA streamline refinance or a conventional refinance.
By refinancing your mortgage you’re paying off your existing mortgage and replacing it with a new one. One of the best reasons to refinance is to lower the interest rate on your existing loan. Another good reason to refinance would be to shorten the term of your mortgage. If you have enough equity in your home by refinancing you may also remove mortgage insurance altogether on a conventional loan.
When done correctly refinancing your home can be a valuable tool to getting your debt under control.
Click on the link to fill out an application and see if refinancing your home makes sense for your financial situation.
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