Imagine a scenario where you can have access to extra cash, while simultaneously lowering your monthly mortgage payment. This dream can become a reality through mortgage refinancing.
A house is the largest asset you may ever own. Likewise, your mortgage payment may be the largest expense you'll have in your monthly budget. Wouldn't it be great to use this asset to reduce your monthly payment and put extra cash in your pocket? When you refinance your mortgage, you can take advantage of the equity in your home and enable this to take place.
When you purchased your dream home, the financial environment dictated interest rates. Interest rates fluctuate and when the Fed enters a rate-cuttng period, the prevailing rates may become significantly lower than when you originally purchased your home. By refinancing your mortgage when interest rates are lower, you can exchange a higher interest rate for a lower one, which, in turn, will lower your monthly payment.
Our mortgage specialists are here to help answer any questions you may have on refnancing. Contact Travis Torgerson at our Watertown location 886-6000; Gail Olson-Duck at our Hartford location 528-4000; or Pat Biederstedt at our Hayti location 783-3616 for more assistance.
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