If you bought or refinanced your home prior to April of this year, there’s a good chance you’ll save money by refinancing to a lower rate or shorter term. In fact, Inlanta has already helped many of our customers save money with a lower rate this year!
What are some of the benefits of refinancing now?
Lower your Interest Rate
By lowering your interest rate, you’ll save money on your monthly mortgage payments. That frees up cash to help meet other financial goals or live more comfortably financially month to month.
Skip a Payment
Did you know that when you refinance, you actually end up skipping a monthly mortgage payment once the process is complete? That means, you’ll have a month with some extra cash to put towards other financial goals like paying down high interest credit card debt, and what better time of year to do so than after the busy holiday season?
Drop the PMI
With the current increase in many home values, a refinance could help you drop PMI (premium mortgage insurance) to help lower your monthly payment amounts and start the New Year with a lower payment.
Make Necessary Home Renovations
Is a new kitchen on your holiday wish list? A cash-out refinance loan offers you the chance to get the money you need to make the home renovations you’ve always dreamed of.
There are so many great reasons to refinance now and take advantage of today’s low rates. They won’t last long, so don’t miss out on this opportunity to save money, or shorten your term to build equity faster. Contact your local Inlanta Mortgage loan advisor today to see how you’d benefit from a refinance.