7 Reasons to Refinance Your Mortgage Loan ...


You can’t turn on the financial news without being bombarded with reasons to refinance your mortgage. Some banks and lenders even mail random advertisements! And if you have an existing home loan, your current lender may telephone and invite you to complete a refi application. But even if you’re tired of refinance talk, there are sound reasons to refinance your mortgage. Can’t decide whether now is the right time? Here are seven logical reasons to consider a refi.

1. Lower Mortgage Rate

Mortgage rates have never been this low. And while some financial experts predict that rates will remain low throughout 2013, they will eventually increase. This is one of the biggest reasons to refinance your mortgage. If you purchased your house years ago and you’re paying a higher rate, a refinance makes financial sense.

Reduce Monthly Payment
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