Refinance - Why Should You Refinance Your Home - Mortgage Loans Colorado Apply Now
Why Should You Refinance Your Home?
Refinancing your mortgage means paying off your existing loan and replacing it with a new loan and possibly a completely different program.
This could be a great financial strategy in lowering your monthly payment, shortening the term of your loan and building equity in your home.
Some of the most common reasons to refinancing include:
Lowering your interest rate
Lessening the term of your loan
Eliminating Mortgage Insurance
Converting an ARM (Adjustable Rate Mortgage) to a FIXED rate
Debt consolidation by using the equity in your home
Using the equity for major expenses/updates in the home
With Lendem Financial, you can easily fill out and apply for a refinancing arrangement. Our portfolio features a variety of low-interest loans with varying credit periods, making it easy for you to target an arrangement well within your affordability range.