Know your options for paying off your mortgage.
People refinance for a variety of reasons including changing from an adjustable-rate to a fixed-rate mortgage, shortening or lengthening the term of the loan, home renovations, getting a loan with better terms and debt consolidation.
While refinancing could make a significant difference in the amount you pay each month, there are other costs you should consider (such as finance charges over the life of the loan). Refinancing a mortgage is similar to when you applied for your loan initially. You must have a relatively good credit score, pay closing costs and fees, and may even have a cursory home inspection.
Brian Jones can discuss the benefits of a refinance transaction, along with all the costs involved, so you can make an informed decision. Call Brian and his team today for guidance, or prequalify to start the refinance process.