Are you tired of paying too much for your mortgage? It might be time to explore refinancing! If today’s mortgage rates are 1% lower than your original rate, you could save some serious cash. Here are 5 ways refinancing might benefit you:
#1 – LOWER YOUR RATE: Save thousands in interest by cashing in on a lower interest rate while rates are still low.
#2 – LOWER YOUR TERM: Consider refinancing to a 15-year mortgage to pay off your loan quicker and pay less in interest.
#3 – GET CASH: Tap into the equity in your home to pay off high-interest debts and boost your credit score.
#4 – DROP PMI: Switch from an FHA loan to a Conventional loan to eliminate mortgage insurance and enjoy big savings.
#5 – SKIP A PAYMENT: We may be able to time your refinance so you can skip up to two months of mortgage payments.
Savings vary based on your situation, so it’s worth exploring your options. Contact a Homespire Loan Officer to see if refinancing makes sense for you. Visit https://www.homespiremortgage.com/loan-officer-search/ to find a Homespire Loan Officer near you.
