At Quality Services Mortgage, we specialize in assisting clients with home refinancing and other mortgage-related needs. Home refinancing essentially means replacing your current home loan with a new one, with new conditions and costs. There are a number of reasons why refinancing your home is a good option.
First, you are able to consolidate your debts. Refinancing your home allows you to combine your first and second mortgage into one fixed-rate loan. You also will have the option to lower your monthly payments by extending the term of your loan. The result is you lower your interest rates and lessen your monthly expenses.
Another reason to refinance your home is you can get a fixed interest rate, regardless of market conditions. Home refinancing allows you to enjoy lower interest rates and lower monthly payments, unaffected by the fluctuation of property values in the real estate market.
The fact that you will get an increased cash flow resulting from lower mortgage payments is another reason to refinance. This is helpful if you have other important expenses every month and need more cash. Lastly, refinancing your home when interest rates are low also lowers the amount of interest on the loan. This means that you are able to get a much lower amount for your home on the second mortgage than what you originally paid for it.
At Quality Services Mortgage in Euless, TX, we have the industry knowledge and experience to help you in the process of home refinancing. You can get more value out of an existing mortgage. All you have to do is give us a call today and tell us how we can be of service to you!