Do you need more information on how to refinance your mortgage? If so, our refinance guide is just what you need. It’s packed with tips, tricks, and tactics on how to refinance the right way.
Call us right away at our toll-free number (805) 434-5226 to reach one of our home loan experts.
*If you refinance an existing mortgage, the total charges could become higher over the life of your loan.
Reasons for refinancing your mortgage include lowering your payment, shortening your term or using the equity you’ve built up over time to get cash back out of your home.
Whether it makes sense to refinance your home depends on 3 key factors:
You’ll save money over the life of your loan, by paying less in interest.
This means that you’ll fully own your house significantly sooner than you would with a longer repayment period.* The benefits here are long-term, so keep your eye on the goal: owning your house and being in a better financial situation in the future.
*As long as you’re able to keep up with your mortgage payments.
Lengthening your loan decreases your monthly payment, which means that the reverse is also true. Shortening the loan term means an increased monthly payment. Make sure you can afford to pay more each month in order to save money over the long-term.
P.S. Don’t wait. Talk to one of our Home Loan Experts by calling (805) 434-5226 to see how we can help you pay off your mortgage faster.
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