1 STOP MORTGAGE BLOG!

IS IT TIME TO REFINANCE?

IS IT TIME TO REFINANCE?

December 27th, 2015 | Refinancing

ALWAYS REMEMBER THE GOLDEN RULE  OF #REFINANCE IF YOU HAVE NO PLANS IN RELOCATING -
TRY TO REDUCE THE  #MORTGAGE YEARS WHEN YOU REFINANCE.

As mortgage #rates have remained historic low and  #home values have appreciated many #homeowners

are taking the opportunity to lower their monthly mortgage payment and (or) reducing the term of the mortgage.
Low rates are the only  barometer is determine if a #refinance is a true financial benefit.

Factors to consider:

   1. Can  the Mortgage Insurance (M.I.) that is added to the
       monthly payment be eliminated?
   2. Is the mortgage rate low enough to make a difference.
   3. How many years can I lower the term of the mortgage and still have
       the same approximate payment?
   4. Can I use some equity to consolidate other debt?
   5. Can I pull out equity for home improvements or children's needs?
Visit http://www.1stophomeloans.com/refinance-center/ for more information.



Serving the Great Mid-South Region
Offices: 901-388-1588 or 901-476-9100 | Toll-Free: 
888-580-1588 | Fax: 901-388-6202 | Email: info@1stophomeloans.com
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