Even though they have been inching up, mortgage interest rates still remain near historic lows, making it an excellent time to refinance. If you want to take advantage of these rock-bottom rates or if you want to pull money out of your equity, the first step is to find a lender. Of course, there are lots of options, but in some cases, you may actually benefit from refinancing with your current lender. Here’s why:
They Know You
They Might be able to Streamline the Process
You Could Save Money
You May Be Able to Rollover Your Escrow Account
Don't be Afraid to Change
We've helped many borrowers refinance their mortgages. So whether you want to lower your mortgage payment, shorten your loan term or accomplish other financial goals, give us a call today so that we can show you how we can help you.
It is important to remember that sometimes when you refinance your mortgage that total finance charges can be higher with a new loan - especially if the interest rate is higher on the new loan or if the loan term is longer on your new loan.
Keep in mind that the lender or company that you worked with during your previous mortgage process may not be the same entity that is currently servicing your loan. Most Brokers and some Lenders sell of their mortgages to a third party servicing company soon after they close your loan. So, be sure to separate any differences in customer experience between your lender and loan servicer.
If you're thinking about refinancing we would love to provide you with a quote. We work hard for all of our clients and we want to work hard for you. Our goal is to treat you well and to help you make the best possible mortgage financing decisions for your situation.
