Refinance
Refinance
The Right Rates At The Right Time
As Bob Dylan once said, the times, they are a changin'. Of course, Dylan wasn't referring to mortgage rates, but the saying does apply to mortgages - and it's one of the reasons why refinancing is such an important topic for homeowners to explore. Chances are, when you first financed your home, your rates were less than ideal. It could have been due to market conditions or your own financial situation; regardless, refinancing gives you the ability to minimize your interest payments, leaving more money in your pocket to do the things that you want.
There are many different ways refinancing can help out your financial situation, including:
- Debt Consolidation - By refinancing existing loans, your monthly payments can be combined into one simple payment at a lower interest rate.
- Home Improvements - With the savings from a refinanced loan, extra funds can be applied to increasing the value of your home, including remodeling, upgrading, and landscaping.
- Family Education - Refinancing often saves hundreds, if not thousands, of dollars each month, making it the perfect option for building a child's college fund.
- More Investments - Why waste money when refinancing gives you cash to invest? Stocks, bonds, and real estate are all closer to your reach when you refinance.
Learn more about the ways refinancing can aid your financial situation by calling First USA Home Loans at 800-309-2070.
Your Refinancing Options
Depending on what your current situation and existing mortgage are, First USA Home Loans can help determine what your best refinancing option is. Take advantage of low market rates and ditch the adjustable rate mortgage, or get a convertible fixed-rate mortgage to open up more flexibility - it's all possible! Refinancing services include:
- Fixed - Know exactly what you'll be spending each month with your choice of 30-, 20-, or 15-year options.
- Adjustable Rate Mortgage (ARM) - Take advantage of low starting rates with loans that fluctuate over time based on market conditions.
- Convertible Fixed-Rate Mortgage (CRM) - Get the most flexibility with a CRM, including the option to change your interest rate after a set timeframe.
Find out the best refinancing plan for you by calling 800-309-2070 or applying for a loan online.