The Numerous Benefits of Refinancing

Are you wondering whether or not you should refinance? Many Karla Dennis And Associates, Inc.™ clients ask me this question all the time. So, let’s look at the benefits and then you can talk with the gentleman to your left, Mark Latini. Lower Your Monthly Payment A mortgage refinance can reduce your monthly payments. For instance, a refinance could extend the term of the loan from 15 years to 30 years, which would reduce monthly payments. For example, the monthly payments of a $200,000 mortgage with a 7 percent interest rate would drop from about $1,792 to $1,329 by changing from a 15-year loan to a 30-year loan. read...

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