Open Mon-Fri: 8 am - 5 pm

نتحدث العربيه

(832) 551-1001

NMLS - 2334875

Open Mon-Fri: 8 am - 5 pm

نتحدث العربيه

(832) 551-1001

NMLS - 2334875

Refinancing

Why You Should Refinance?

Homeowners that have a higher interest rate on their current mortgage loan may benefit from refinancing. You can get lower interest rates, and you can shorten your loan term.

Remember, shorter-term loans typically have lower interest rates than longer-term loans. As a homeowner, refinancing can result in big savings.

Benefits of Refinancing:

Lower Interest Rate

If mortgage interest rates have dropped since you took out your loan, or your credit status has increased, you can usually save money by refinancing your mortgage loan into a new home loan.

Lower Monthly Payments

If you need to find space within your budget, then refinancing could be advantageous. You can extend the life of your loan, allowing you to have lower monthly payments.

Shorter Payoff Term

Many homeowners refinance their mortgage loans to change the term of their current mortgage. You will have the opportunity to pay off your loan faster.

Cash Out Equity for Other Uses

When you refinance, you have the opportunity to use some of the cash from your home’s worth towards other costs. This money can help you if you are sending your children to college.