Refinance Your Home Mortgage While the Getting’s Good

Should homeowners refinance their home mortgage loans in these unstable times? Absolutely! Now is the optimum time to take advantage of refinancing opportunities that may not hang around for fence-sitters. Individual reasons for refinancing homes vary widely; ranging from lowering monthly payments to pulling lump sums of money out to invest. There's really no wrong reason to refinance if it makes good financial sense for homeowners.

Why now?

Certain programs are still currently offered, but some of them may be on their way out. The Federal Housing Authority (FHA) is planning on increasing mortgage insurance premiums as early as April 1. Such changes can lead to more money spent for refinancing for those with less than 20 percent equity in their homes. There is no guarantee the Home Affordable Refinance Program (HARP) will last much longer. Owners with homes who've decreased in value since the purchase dates may not have another viable option to refinance. And generally speaking, interest rates just can't stay this low for long. Low mortgage rates have nowhere to go but up, so think about refinancing while you can do it for less.

How do I get started?

When enlisting the help of a financially-savvy professional, a home refinance mission automatically heads in the right direction. Loan officers at SimonTowne Mortgage depend on repeat business, so they work to find the right loan programs that suit their clients' specific needs. These experts take the time to find out why homeowners want to refinance, and then show them which mortgage programs can best help them accomplish their fiscal goals. Now is the time to refinance your home mortgage loan, and our financial specialists are ready to help!