As a homeowner, you made it through the mortgage process, but that doesn’t mean you have to keep the same loan until it’s paid. Refinancing a mortgage can give you a new loan with terms that take advantage of increased equity, improved credit scores or lower interest rates.
Refinancing a home mortgage can be a big decision for many homeowners. Your situation and needs change over time so why shouldn’t your mortgage? Now might be the right time for you to refinance into a lower rate mortgage. You should take the time to consider the following questions to see if refinancing makes sense for you.
Refinancing is an easy way to solve many of your mortgage worries. Getting a lower monthly rate and paying less over the life of your loan just makes sense. At Superior Rate Mortgage Of New England, LLC we’re ready to find the right refinancing solution for you. Our staff of refinance experts will help you evaluate your mortgage needs and draft a refinancing plan that will save you money.
A refinance home loan means that you’ve been through the process before, but you can still benefit from expert assistance. Hiring a mortgage broker to help refinance a mortgage gives you a wider selection of options. Since mortgage brokers work with multiple lenders, we can make it easier to shop for the best rates and terms on a loan that meets your needs. Superior Rate Mortgage of New England is licensed in Massachusetts, Rhode Island, New Hampshire and Connecticut.
If you want to refinance a mortgage, it’s similar to getting a new mortgage. You still need to make an application and compare home refinance rates while lenders process it. If you get pre-approved, the loan goes through underwriting. You’ll usually get an appraisal on your home to verify its current value. Once all the lender’s requirements have been met, you’ll get a date for closing. Since you’re not stopping to negotiate with a seller, refinance loans often take less time than the original mortgage.
Be sure to check out our mortgage refinance center to get the information you need so you can make a sound decision for you and your family.
To learn more about how to refinance your mortgage in Massachusetts or elsewhere, call 781-264-5262 or contact us via email by clicking here.