There are a variety of reasons why someone may refinance their mortgage.

1. Lower Your Interest Rate- rates are still much lower then they have been in recent years. If your credit has improved, it could be the right move.
2. Remove Mortgage Insurance- Once you have built up the required equity it may be time to stop paying PMI. Many FHA loans also have MI premiums that may be eligible to be removed.
3. Reduce/Shorten Your Term- forget paying more interest if you don’t need to. Reduce your term and save your money.
4. Switch From Adjustable to Fixed- avoid the uncertainty of future rate increases by locking into a fixed rate loan.

Is refinancing your mortgage the right move for you? Contact us today to learn more!