When interest rates are low, home values are on the rise, and you’ve been in your home for just a few years, you may want to consider refinancing your home loan.
It might save you a small nest egg by lowering your monthly payments, reducing your total payment amount, or leveraging your home equity to help pay off debt or make a major purchase!
Refinancing means restructuring your mortgage loan with new terms, conditions, and closing costs. Make sure the fees associated with the refinance mortgage don’t outweigh the potential savings.Mortgage Rates
Information and interactive loan calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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