Already have a great home but want a great rate as well? Ask for a free loan analysis to see if a refinance makes sense for you.
Here are a few reasons you might want consider refinancing:
Reduce Your Interest Rate
• In the current market, if your interest rate is over 5% you might want to consider a refinance
• You could save money and build equity faster with a lower monthly payment
Shorten Your Loan Term
• You might be able to pay your loan off sooner and save money on interest
Convert from an Adjustable-Rate Mortgage (ARM) to a Fixed Rate Loan
• In a rising rate environment ARM rates could continue to increase
Tap into Equity and Consolidate Debt
• Cover costs such as home remodeling or college education
• Replace higher-interest credit cards with a lower interest rate
• Combine a 1st mortgage and higher-interest home equity loan into one
Ready for your free loan analysis? Contact a Flanagan Lending loan officer here.