It's generally a good time to refinance when mortgage rates are 2% lower than the current rate on your loan. It may be a viable option even if the interest rate difference is only 1% or less. Any reduction can trim your monthly mortgage payments. Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month. Your savings depends on your income, budget, loan amount, and interest rate changes. Don't hesitate to contact us if you need a better calculation of your options.
¿Cuándo debería refinanciar?
Generalmente es bueno refinanciar cuando las tasas de los préstamos son 2% más bajas que la tasa actual de tu préstamo. Refinanciar puede ser una opción viable incluso si la diferencia es sólo 1% o menos. Cualquier reducción puede mejorar tu pago mensual. Por ejemplo: Tu pago, excluyendo los impuestos y el seguro, estaría al rededor de $770 en un préstamo de $100,000 al 8.5%. Sin embargo, si la tasa se bajara a 7.5% tu pago sería entonces $700, por lo que te ahorrarías $70 al mes. Tus ahorros dependerán de tu ingreso, presupuesto, monto del préstamo y si la tasa de interes cambia. No dudes en contactarnos si necesitas un mejor cálculo de tus opciones.
We are a professional team that is determined to make the process of obtaining a mortgage loan as simple and easy as possible
Company NMLS: 842901
964 Madison Ave.
Bridgeport, Connecticut 06606
Phone: (203) 437-7916
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