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Now may be the time to refinance!
You may be able to lower your monthly payments, reduce the time it takes to pay off your loan, convert your adjustable rate mortgage to a secure, fixed rate mortgage, or access additional cash. You may also be able to save even more if you use your refinance proceeds to pay off credit card or other installment debt, since mortgage interest may be 100% tax deductible, and interest on consumer debt is not. Here are some important reasons to reconsider refinancing:
- Convert an adjustable rate mortgage to a secure, fixed rate mortgage.
- Minimize the effect of your current adjustable rate mortgage payment increase.
- Maintain your home equity position by paying off a negative amortized loan.
- Consolidate your first and second mortgages to obtain a lower rate.
- Get cash for family wants and needs.
Find out if now is the right time to refinance by contacting Tom Norris, your loan specialist. We will listen to your goals, ask the right questions, and assist you in navigating through the many loan options available to find just the right one for you! Contact us at 800-275-6958