You know that feeling of dread when your significant other uses the words “in-laws” and “indefinite stay” in the same sentence? Home loans don’t have to be that way!
Believe it or not, home loans that you signed aren’t permanent—it wouldn’t be fair to the American consumer to hold you to an interest rate that doesn’t match the current market conditions. Refinancing is an acknowledgement that the market is different than when you first got a mortgage, and you and your life circumstances may be different as well.
The benefits of refinancing are twofold:
- Refinancing lets you take advantage of current market conditions (lower interest rates)
- Refinancing allows you adjust your home loan to suit your life situation (home improvements, lower monthly payments, etc.)
Maybe you’ve done very well for yourself and you can afford a higher payment, which saves you lots in interest payment. Maybe you need to have a lower payment right now and use that extra cash to pay off your truck, or to start a business.
Refinancing helps you take full advantage of the way the market is now, and the place you are at in in your life.
So, what is your current situation? Want a lower mortgage payment? Debt consolidation? To pay off your mortgage faster? Whatever it is, TexasLending.com can help you match your home loan to your lifestyle and goals with a home loan refinance.