Consider refinancing your mortgage when:
- Rates go down (and they have!)
- Your home has increased in value
- Your credit score is now stronger
- You need access to cash or want to give your budget some breathing room
If your current rate is 4% or higher for a traditional 30-year mortgage, refinancing makes sense in this low-interest rate market. Keep in mind there are some closing costs, but typically, you can roll them into your new loan, so there is no cost to you.
Check out our comparison calculator online. Ed, our mortgage expert, is also happy to discuss your options and see if a mortgage refinance is right for you.
Contact Ed today:
E-Mail: eross@FirstUnitedCU.org | Office: 616-532-9067 ext. 405 | Cell: 616-340-3014 | NMLS # 116912
*Gift card will be offered to those that we cannot save $2,500 during the life of the loan.