Mortgage Refinancing Explained
Refinancing your mortgage offers benefits like lower payments and long-term savings. We guide clients through making informed decisions by keeping them updated on current rates for refinancing, helping them know when it might be advantageous.
Why should you consider refinancing?
Refinancing provides an opportunity to reassess and customize your mortgage terms based on your current financial situation and goals.
Lower Monthly Payments
Consolidation of Debt
Shortened Loan Term
Improved Credit Score
Access to Home Equity
Switching from Adjustable to Fixed Rate
Escaping Mortgage Insurance
Financial Flexibility
Understand the power of mortgage refinancing.
Refinancing can lower your mortgage payment with current low rates, freeing up more money monthly. Consolidating debt is also possible with a refinance, using a lower rate to pay off high-interest debts and simplify monthly payments, regardless of credit history.
Get lower payments and increase your savings.
Refinancing can help you reach homeownership faster by shortening your mortgage term. Transitioning from a 30-year to a 15-year loan reduces interest payments and speeds up repayment, leading to long-term savings and early home ownership.
Ready to shorten your terms and grow equity faster?
At First Lenders Mortgage, we offer guidance on refinancing programs to help you align with your financial goals. Our team provides expert advice and assistance throughout the refinancing process.
