Refinancing. We hear the term all the time, but what does it actually mean? Who is it for? Why do we do it?
Refinancing is the act of obtaining a new mortgage (or loan) to replace the original. Generally, there are two main reasons homeowners decide to refinance:
Refinancing is especially useful if you have good credit, as you may be able to convert a variable mortgage into a low, fixed-rate loan. While the percentage difference could seem meager, your monthly payments could drop significantly.
Often time, homeowners will refinance their homes to:
These home improvements can be a great investment strategy as the value of the home will increase as the additions are made.
Keystone Alliance Mortgage has a highly experienced team of professionals who are committed to finding the right loan for you and getting you into the perfect home.
We are able to find refinancing options that won’t accrue large penalties, don’t have exorbitant fees for paying down your old mortgage, and truly can accommodate your individual situation.
If you’re interested in refinancing, don’t hesitate to contact Keystone Alliance Mortgage for more details.