LOWERING YOUR PAYMENTS CAN BE VERY EASY TOO!!!
Refinance Your Mortgage
Why pay more than you have to? Don't wait!
Changing the terms of your loan can benefit you and maximize your monthly income. A lower monthly mortgage payment can help free-up money you can save, invest or use for other expenses. When rates are favorable, refinancing to a lower rate or longer-term mortgage can keep more money in your pocket every month.
Go to our calculators page in the tab above, to help you see if refinancing can save you money.
You can also fill out our short application to see what rate you qualify for and obtain a pre-approval letter. Of course you can always call and speak to one of our loan consultants.
Our refinance calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. This calculator will calculate the monthly payment, net interest savings, and the time it will break even on the closing costs.
Improve Your Financial Position
Reduce your current rate Pay off your loan sooner Change to a fixed rate
If you convert from a 30-year to a 15-year fix rate-mortgage, you will pay off your mortgage sooner, and pay less loan interest overall.
If you refinance the same loan term at a lower rate, you'll have lower monthly payments.
If you find you'll be living in your home longer, or if your ARM adjusts to rate that's higher than current conventional mortgage rates, refinancing to a fixed-rate mortgage may make sense.
Be sure to review the total interest paid on the amount you originally borrowed and the refinanced mortgage rates, to ensure that you are comfortable with this overall expense.
You can pay off your loan amount sooner without refinancing by simply making additional principal payments