Low mortgage rates and rising home values are combining to make it a great time to lower your interest rate and save money – it’s why you should be refinancing your mortgage now!
There are a lot of different reasons to refinance now.
- Lower interest rates and a lower monthly payment are getting most refinancers in the door, and the typical homeowner is saving more than 30.
- Other homeowners have refinanced to convert their ARM into a fixed-rate loan.
- Canceling their FHA PMI now that home values are back up is another popular reason.
- With home values rising, cash-out refinances are following along.
A cash-out refinance is a refinance which gives a homeowner cash at closing which can be used for debt consolidation, long-term savings, home improvements, or anything else. The “cash” is a conversion of the homeowner’s home equity into a liquid, usable form.
These are all great reasons to refinance your home as soon as possible if you have a rate that’s not in the 3’s. People, rates are extremely low right now. I know that many of you are nervous about your 401k’s and investments, but if you pass this up, you’ll kick yourselves when rates rebound. Remember, 10 years ago, mortgage rates were 6.25%. That’s nearly twice what you can get today.
Save money every month, put money in your pocket and get those credit card companies off your back with a refinance from The Home Loan Expert Team. Let us work up your options and help you find the best loan for you today.
Call us in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515 or Nashville at (615) 810-8555. You can always apply online at www.thehomeloanexpert.com, and we’re also open on Saturdays to better serve you. We work hard to make it easy on you. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?