Refinancing a home mortgage can be a big decision for many homeowners. Your situation and needs change over time so why shouldn’t your mortgage? Now might be the right time for you to refinance into a lower rate mortgage.
You should take the time to consider the following questions to see if refinancing makes sense for you.
Has the time come to save more money every month?
Can you use the cash in your home to pay off debt, remodel your home or pay for college?
Are you tired of your adjustable-rate that never seems to stop adjusting?
Are mortgage rates currently lower than what your rate is?
Will other financial opportunities present themselves as you refinance?
Refinancing is an easy way to solve many of your mortgage worries. Getting a lower monthly rate and paying less over the life of your loan just makes sense.
Annual Percentage Rate (APR) calculations assume single-family, detached, owner-occupied primary residence; a loan-to-value ratio of less than 80%; a minimum FICO score of 780; and a loan amount of $300,000 for conforming loans or $500,000 for jumbo loans, unless otherwise specified. Annual Percentage Rate (APR) calculations assume no subordinate financing and that the borrower will provide full income documentation. On ARM amortization, the Annual Percentage Rate (APR) calculation assumes an indexed rate (Margin + LIBOR/T-Bill Index) after the initial fixed period of the ARM.
Rates may be higher for loan amounts under $300,000 and over $500,000. Please call for details. Rates are subject to change without notice. Closing Costs assume that borrower will escrow monthly property tax and insurance payments. Subject to underwriter approval; not all applicants will be approved. Fees and charges apply. Taxes and insurance are extra. On refinance transactions, the Annual Percentage Rate (APR) calculations assume a rate and term refinance. 30 Day Rate Lock. Rates based on Pennsylvania property. Third party rate comparison information is deemed to be reliable but not guaranteed. Restrictions may apply
Rates are provided for informational purposes only and reflect the average daily rates of several lenders. Rates are subject to change without notice and are available upon approved credit only.
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