Why a Refinance Now Makes Sense

Low mortgage rates and the threat of a rise under a new administration make this possibly your last chance to save thousands of dollars on your mortgage.  If someone offered you hundreds of dollars every month, you’d take it, right?

Your home is the biggest payment that you make every month.  A refinance to today’s historic low rates will save you money on it.  It’s literally a life changer.

Lower interest rates and a lower monthly payment are getting most home owners in the door. The typical homeowner can save more than 30% on their mortgage, according to Freddie Mac.  Other homeowners have refinanced to convert their ARM into a fixed-rate loan to keep these savings happening through the life of their loan.  You can also cancel PMI on your loan with a conventional mortgage.

With home values rising, cash-out refinances are following along.  A cash-out refinance is a refinance which gives a homeowner cash at closing which can be used for debt consolidation, long-term savings, home improvements, or anything else. The “cash” is a conversion of the homeowner’s home equity into a liquid, usable form.

All of these are great reasons to refinance your home as soon as possible, if you have a rate that’s not in the 2’s.  People, rates are extremely low right now.  It’s really the only benefit of an economic downturn – you can take advantage and save money on your mortgage by getting a low rate right now.  I know that many of you are nervous about your 401k’s and investments, but if you pass this up, you’ll kick yourselves when rates rebound.  Remember, 10 years ago, mortgage rates were 6.25%.  That’s nearly twice what you can get today.

Get Started

Call The Home Loan Expert, Ryan Kelley and take advantage of lower mortgage rates to buy your home or refinance and save money. Call us in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515 and Nashville at (615) 810-8555 or Nashville at (615) 810-8555.  You can always apply online at www.thehomeloanexpert.com, and we’re also open on Saturdays to better serve you. Don’t forget to follow @TheHomeLoanEx on Twitter for breaking mortgage news and knowledge.  Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?

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