How Refinancing Can Give You More Financial Freedom
There's all of this talk about refinancing nowadays... why? Well, it's a pretty big deal. Refinancing your mortgage means replacing your existing mortgage with a new one carrying better terms. Refinancing comes with a number of potential benefits, including…
REDUCTION OR POSSIBLE ELIMINATION OF YOUR MONTHLY PRIVATE MORTGAGE INSURANCE (PMI)
Without giving you too much info on PMI, we will stick to the headline: The inverse relationship of property values and loan amounts lead to a decreasing loan-to-value…which ultimately results in a lower or no PMI for a new loan. Our loan experts are happy to walk you through this and keep you up-to-date every step of the way.
CUT YEARS OFF OF YOUR MORTGAGE
Simultaneously, you can maintain the same payment to pay your home off sooner and save in