Is re-financing a wise decision for me?
Refinancing your house loan means getting a new financial loan to pay off your existing financial debts. Based upon on your current financial or personal earning situation, there are many explanations to re-finance. Based on the attention and types of loan you choose, there are a lot of amazing features too. The Lending Group Company Home Loan Professionals will be happy to share how re-financing might be right for you. Contact us online via contact form or contact at 215-516-5555 for a free pre-approval.
Refinancing can get you a better house loan.
Get a Lower Rate Of Interest.
A low cost often results in reduced mortgage payments. You can use the extra money saved from your earnings each month to pay off debt, for savings or investment strategies, or to spend however you like.
You Can Get A Shorter-Term.
You may end up with a similar, or a little bit higher, per month installment rate, but with a shorter-term you’ll pay off your financial loan amount earlier. You’ll save a fortune over time by spending less towards interest of that amount, and you’ll save huge investments faster, increasing your net worth.
Switch From Flexible To A Constant / Fixed Rate Financial Loan.
Switching from an arm (ARM) adjustable rate mortgage loan to a limited or fixed rate financial loan gives you foreseeable per month installments over the life of the financial loan. You won’t experience impressive un-realistic or dramatic per month installment increases, making long-term budget planning easier.
Turn Your Home’s Value Into Money.
Cash-out re-financing turns the value in your residence into money. From repaying high-interest bank credit cards to taking a dream vacation, there are no limitations to how you use the money. And there are no tax charges for obtaining or using these funds.
Don’t forget: we’re always here to help. If you think you’re ready to re-finance, The Lending Group Company Home Loan Professionals will match you to the perfect financial loan. Call today for a free pre-approval 215-516-5555.