Reduce the cost of interest
Remove Private Mortgage Insurance (PMI)
Increase home equity at a faster pace
Enhance future financial stability
Reach Your Goal Quicker
There are a number of benefits to refinancing your current mortgage, including:
- Lower interest rate
- Reduction in the amount of interest paid
- Rapidly building the equity in your home
- Reaching homeownership sooner
Another option is to refinance to a low-interest 30-year mortgage and pay a little more of your principal balance each month. Even a small amount of extra payment can make a big difference in how quickly the loan is paid off.
Refinancing Can Help You Reach Your Goals
In addition to achieving financial independence through the early payoff of your loan, refinancing can help you reach other goals. It can be used to finance home improvements, pay off high-interest debt, lower your monthly payment or provide more discretionary income for investments.
Want to explore these possibilities and more? Our knowledgeable Mortgage Loan Originators can review your refinance options and find one that’s the right fit for you.