When should I refinance?
What Is Refinancing?
Refinancing is the process of obtaining a new mortgage in an effort to reduce monthly payments, lower your interest rates, take cash out of your home for large purchases, or change mortgage companies.
Many people refinance when the housing market is going up and they have equity in their home. Equity is the difference between the amount owed to the mortgage company and the current worth of their home.
What Are The Advantages Of Refinancing?
One of the main advantages of refinancing is to reduce an interest rate. When people increase their credit score pay all their bill in times and a low on other debts. With the increase of credit score comes the ability to procure loans at lower rates, This is one reason many people refinance with their mortgage companies. A lower interest rate can have a serious effect on monthly payments, possibly saving you hundreds of dollars a year.
Call us to discuss your options?
Why a Lending Hand Mortgage professional?
Lending Hand Mortgage (NMLS #373538) prides itself on providing unparalleled customer service and earning satisfied clients. Our purpose? Satisfy the mortgage needs of our customers and exceed their expectations.
We work with underwriters and loan processors from the application date until closing to gather necessary documentation and guide the file through the approval process.
Our mortgage loan originator is your main point of contact throughout the entire home loan process.
First and foremost, our loan officers are committed to a height standard of honesty and integrity.