Does the interest on your mortgage seem way too high? Are your monthly payments putting a strain on your wallet? A refinance may be the right step for you. Let Successful Mortgage explain the details and help you start the refinancing process!
A mortgage refinance is the replacement of an existing mortgage with another mortgage under different terms. One of the main benefits of mortgage refinancing is that it can lower your monthly payments, which can add up to significant savings over time.
Knowing your current refinance mortgage rates is important before you commit to any decision. As a mortgage company that prioritizes client education, Success Mortgage can keep you informed and help decide when a refinance may be best.
Reasons To Consider a Mortgage Refinance:
- Reduce Your Monthly Mortgage Payment: Mortgage rates are still very low. A refinance with Success Mortgage may help you lower payment and possibly save you money.
- Consolidate High Interest Debt: You could pay off those higher-interest debts by refinancing with a lower rate. Even with less-than-perfect credit, we can help you lower your monthly payment and pay off your higher-interest debt. By consolidating your payments into one low monthly payment, you can pay less each month, lower your debt, and improve your credit score.
- Pay Off Your Mortgage Faster: The shorter the term on your mortgage, the lower your mortgage rate. Did you know that you may be able to take advantage of today’s competitive rates by shortening the term of your loan (which means paying less interest) without a significant change in your monthly payment?
When To Refinance Your Mortgage
There are a few key factors to consider when deciding if it’s the right time to refinance. These include current interest rates, your initial loan term, your equity and home value, and your financial situation. The mortgage specialists at Success Mortgage will analyze all of these factors in order to help you make the right choice when it comes to refinancing your mortgage.
At Success Mortgage, we offer information on a variety of mortgage refinancing rates and loan options. When you are ready to take the next step, contact us today! We can advise you on which mortgage refinancing program best meets your needs, so you can refinance before it’s too late.