Is It Time To Refinance?
Here's how you'll know
Refinancing could be a smart move, if the timing is right.
Here are a few good reasons to refinance your home loan now:
- Your ARM Rate is Going Up - Fixed mortgage rates are still low, so you could be better off locking in a fixed rate loan before your adjustable rate mortgage payment increases.
- You Have an Option ARM - Is your loan balance going up instead of down? Switching to a fixed or adjustable rate mortgage can help you pay down your principal and own your home sooner.
- You Want to Pay Off Your Home Faster - Would you like to reduce your 30 year loan to a 15 or 20 year mortgage? Your interest rate will be lower, and you can save thousands over the long haul.
Run the Numbers
Still not sure? Use one of our free refinance calculators to determine if refinancing is right for you:
