When I should refinance?

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. Your trusted lender can help you calculate your options.

About Us

We've been helping customers afford the home of their dreams for many years and we love what we do.

Company NMLS: 1710906
www.nmlsconsumeraccess.org

©2018-2019 Home Pride Real Estate, Inc. All rights reserved. Lending services provided by Home Pride Real Estate, Inc.

Contact Us

1036 Fairview Ave, Ste. 5
Arcadia, CA 91007
Phone: 949.395.2773
broker@homepriderealestate.com

Disclaimers

Resources

This site uses cookies to process your loan application and other features. You may elect not to accept cookies which will keep you from submitting a loan application. By your clicked consent/acceptance you acknowledge and allow the use of cookies. By clicking I Accept you acknowledge you have read and understand Home Pride Real Estate, Inc's Privacy Policy.