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4 Reasons to Refinance Your Mortgage Today

Here are 4 Reasons to Refinance Your Mortgage, and soon!

(article by Maurie Backman)

  1. Interest rates are going up.

If you’ve been toying with the idea of refinancing, you may want to lock in a better rate before it’s too late.

  1. You want to lock in a fixed rate.

If you refinance an ARM to a 15- or 30-year fixed mortgage, you’ll get the benefit of predictable payments for the remainder of your loan.

  1. Your salary has gone up significantly.

Swapping a 30-year loan for a 15-year mortgage is an especially wise move if you’re aiming to have your home paid off sooner, such as in time for retirement.

  1. You have more expenses — and less cash — than before.

Perhaps you’ve added more children to your household, or have a partner who’s no longer earning an income.

 

Read the rest over at The Motley Fool, and click the blue button below to get started today!

 

 

Lakeland, Florida - Refinance Your Mortgage with Tim Hutchins!

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