Most lenders charge fees to refinance a loan. So, if you plan to only stay in the property for a couple of years, your monthly savings may not accumulate to recoup these costs. Example: A lender charged $1,000 to refinance your loan that resulted in saving you $50 each month; it would take 20-months to recoup your initial costs. Some lenders will charge a slightly higher than average interest rate on refinance loans, but will waive all costs associated with the loan. This will depend on the interest rate on your current loan.
Your ONE STOP Unlimited Mortgage Resource! We have a loan for every buyer, property, credit and/or employment need. Over 30 years of Professional Mortgage Excellence YOU CAN DEPEND ON!
Company NMLS: 1991038
www.nmlsconsumeraccess.org
4240 Airport Road suite 210-3
Cincinnati, OH 45226
Phone: 513-607-4107
lisaclends@gmail.com
Powered By LenderHomePage.com