How To Lower Your Monthly Mortgage Payment in Utah & Texas
Looking to free up some extra cash in your monthly budget? One of the easiest ways to do that is by lowering your monthly mortgage payment through a refinance.
Refinance To A Lower Rate
A lower interest rate can result in big savings, both monthly and over the life of your loan.
To qualify, you’ll need enough equity in your home for a refinance, along with a few other requirements. Our team will walk you through the entire process to ensure that it’s safe, convenient, and as stress-free as possible.
When Is The Best Time To Refinance?
While there are a number of factors to consider, we typically suggest refinancing if you are able to lower your rate by 1 percentage point or more. There are other scenarios where it makes sense to refinance so we always recommend a full refinance consultation if you are even considering it.
Refinance To A Longer Term
Another way to lower your monthly mortgage payment is to extend the term of your loan. This allows you to spread out the balance of the loan over more payments, bringing down your monthly bill in the process.
If you aren’t sure if now is a good time to refinance your mortgage, then request a complimentary refinance review and our team can run the numbers for you so you can see your options.
No obligation on your part. Just a chance to see if a refinance would make sense for you.