Refinancing your mortgage loan can save you money. The amount you pay on your mortgage each month is directly related to the interest rate. In short, lower rates usually mean lower payments. You may be able to get a lower rate because of changes in the market conditions or because your credit score has improved. A lower interest rate may also allow you to build equity in your home faster. Refinancing involves paying off your existing mortgage and creating a new one. You can also combine a primary mortgage and a second mortgage into a single new loan.
Integrity Mortgage Group can help you make sense of it all. Call today to find out how you could save money by refinancing your mortgage.