Homeowners have benefited greatly from refinancing their homes as mortgage rates have gone down. Many homeowners are saving thousands of dollars on their mortgage, and some have taken cash out of homes while also lowering the number of years they’re paying for their home.
Refinancing Can Save You Thousands
The most common reason for homeowners to refinance is to save money. Homeowners are saving thousands every year as a result of refinancing their homes and using their savings for all kinds of things they would not have been able to do.
Take a look at this infographic that shows how much you can save by refinancing and lowering your mortgage rate by 1%. You might be surprised by how much you can save.
Who Can Benefit From Refinancing?
Anyone who has owned their home for a while and not refinanced lately should look into whether they could save money by refinancing.
Here are 4 questions you should ask before refinancing your mortgage:
- Can You Get a Lower Interest Rate?
- How Long Will You Be Paying Your Current Mortgage?
- Do You Want to Cash-Out Some Equity When You Refinance?
- Do You Plan To Move?
In one of our blogs from October 2014, we also examined 5 types of homeowners who could benefit from refinancing their homes. If you are paying mortgage insurance, have an existing FHA or VA mortgage, or even if you have been previously turned down for refinancing, you may be able to save a great deal of money by refinancing your home.
Best of all, it’s easy and free, to see if you could benefit from refinancing your home? Just email us, or call (866) 910-8020. We’ll be happy to help you!
Refinance Information
Because of changes in mortgage regulations, many homeowners are finding they can refinance quickly and easily, and start saving money in 30 days or less.
Some refinance programs don’t require a credit score or an appraisal to qualify. The FHA Streamline Refinance, for example, often doesn’t require employment, income, or credit score verification.
Would you like more information about refinancing? Here are some articles on our website that we’ve written to help you learn about refinancing your mortgage.
- 6 Money-Saving Reasons To Refinance Your Mortgage
- Save Thousands with FHA’s Reduced Mortgage Insurance Premiums
- 3 Types of FHA Streamline Refinances To Lower Your Monthly Mortgage Payment With A Reduced Mortgage Insurance Rate
- Cash-Out Refinancing, Recent Changes, and Evaluating Other Options
- FHA Cash-Out Refinance
- How To Refinance Your Home Mortgage
- FHA Streamline Refinance Home Mortgage
- FHA Refinance | FHA Streamline Refinance, FHA Cash-Out Refinance
Ready to see if refinancing could save you money?
Because of the different types of refinancing products, the easiest way to learn whether you could save money by refinancing your mortgage is to contact us.
After a brief phone conversation, we’ll be able to tell you the benefits of refinancing based on the information you give us. So please contact us today by email, or call (866) 910-8020, and one of our mortgage loan originators will be happy to assist you.
The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.
We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.
Real estate agents, and other professionals in the industry, will receive an ongoing wealth of information that will help them serve their clients.
