Rates are falling refinance your mortgage today
Refinancing your current mortgage may have several benefits, well qualified buyers that purchased their homes in the past 2 years could lower the payment substantially by refinancing.
Here are some of the benefits of refinancing your current mortgage:
-Lower monthly payments
-Reduce overall interest paid over the life of the loan.
-Use the equity you have built up to payoff debt, home improvement or other purposes.
-Shorten the term of your loan(30years to a 20 years or 15 years fixed rate loan). This may reduce the total interest paid over the life of the loan.
-If your credit score has substantially improved you may be able to lower the rate on your current mortgage.
-You may be able to drop Private mortgage insurance if your house has appreciated in value.
Contact Moe Rahman CRMS with First Cosmopolitan Mortgage Inc with local offices in Lakewood Ranch, FL and Warrenville, IL at 630-918-2400 or email at firstcosmo@fcmortgages.com.
This information is for educational purposes only. Terms and condistions apply.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.