Are you wondering if a refi is a good option for you in 2019?
There are several factors to consider
Refinancing a major loan - think mortgages, student loans and auto loans, for starters - allows you to gain a new loan at a reduced interest rate, which saves you money on your monthly payment and can curb the total amount of the loan.
When it comes to your mortgage, now may be an amazing time to leverage a refinance as rates are currently the lowest they have been in TWO YEARS!! This good news on rates came as the Federal Reserve indicated there would be no more rate hikes in 2019.
So, what are some of the most motivating factors when considering a refinance of your current mortgage?
Cash Flow - With the recent rate drops, you may be able to leverage a cash-out refinance meaning you can tap into some of the hard-earned equity you have been building over the years.
Mortgage Insurance - You may be paying more then you need to each month due to Mortgage Insurance. With a simple review of your Mortgage Statement, our expert Mortgage Advisors can help you determine if there is an opportunity to refinance your loan to lower or remove Mortgage Insurance all together.
Money Saving Options on Loan Types - Depending on your current mortgage, you may now qualify for a different loan typed that can offer savings on your monthly payment. For example, there are benefits of refinancing out of an FHA loan and into a Conventional 30 yr. Fixed loan. If you want to learn more, complete the form below to contact us.
Lower Payments - This is an obvious one. Who doesn’t want lower payments?
So, what do I do next?
Well, that is where we try to make it as easy as possible on you. Simply use the form below to contact us. If you are not already working with one of our expert Mortgage Advisors, we will place you with one of our top professionals in your location.
All we need to get started is a copy of your current Mortgage Statement to evaluate where best we can save you money and maybe even put a little in your pocket!