Refinancing a Home
If you already own a home, refinancing your mortgage can be a great way to lower your payments and help you achieve your financial goals. When you refinance, you pay off your existing mortgage and replace it with another. Here’s why refinancing may be a good option for you:
- Lower your payment — A lower payment means more money for everything else in your life. It can also allow you to pay more toward your principal balance. With the current low mortgage rates, reducing your payment is easier than ever.
- Pay off your loan faster — For example, you can convert your 30-year mortgage to 15 years. That could mean paying thousands of dollars less in interest.
- Consolidate your debt — Why pay high interest on debt? Consolidate by refinancing with low, tax-deductible mortgage rates.
- Borrow against your home — Looking to add a new room or upgrade your kitchen? You can roll those costs into your refinanced mortgage.
Help From Humans
When you refinance, you’ll get all the benefits of working with the experienced humans at First Community Mortgage. We’ll help you with the paperwork, answer all your questions, and be by your side throughout the process. Click here to find a helpful human.