Here’s Why Now Is The Perfect Time To Refinance
The economy has taken great damage in the last few months due to COVID-19. Because of this, the government is trying to encourage people to invest in the stock market by lowering short-term and long-term interest rates. It’s for this reason that now is a great time to refinance your mortgage. Doing so provides many benefits that you can enjoy.
Interest Rate Reduction
Refinancing now could save you thousands because rates are at a historic low. Lowering your rates now will save you more money than you might have expected. If you score a low rate, your monthly payments may drop. You might also be able to move from an adjustable to a fixed-rate or shorten the term of your mortgage.
Get Cash Back
If your savings account is low right now, cashing out the equity on your home might be the right option for you. Doing so will give you some extra money for other things such as a vacation, remodel project, or any other expense you might need to pay off.
Refinancing can save you a lot of money. GSF Mortgage of Little Chute, WI wants to help you during this process. Our reliable and trusted local business is here to answer any questions you might have about refinancing and will help you to choose the best option for your family. Contact us or call 920.788.9608 to get started today!
