Changes in the housing market could mean big savings for you!
Lack of inventory and a spike in purchases has caused a rise in home values. This means that you may have enough equity in your home to eliminate costly mortgage insurance premiums by refinancing.
Drop your mortgage insurance
If you stay in your current loan, you are required to wait the mandatory 5-year period and continue to pay mortgage insurance. This means throwing away tens of thousands of dollars over the life of the loan. Refinancing can change this and allow you to start saving money each month.
Consolidate your debt and save money
Another benefit of refinancing allows you to payoff high-interest credit cards and installment loans. Consolidating your debt into a lower rate can save hundreds or even thousands of dollars per month! This savings can be applied to your mortgage allowing you pay it off faster, even with the increased balance.
Take advantage of low rates
Rates are still at historic lows which means that now is the time to take action. Why spend money every month on unnecessary mortgage insurance and costly high-interest debt when a single phone call could save you thousands?
Rates and Terms are subject to change. This property was priced on 1/28/2016 with a credit score of 740. This may not accurately reflect your pricing. Payment does not include HOA dues, and if applicable, actual payment will be greater. All amounts are rounded to the nearest dollar.