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HOW REFINANCING CAN GIVE YOU MORE FINANCIAL FREEDOM

Wednesday, February 21, 2024   /   by Joe Johnson

HOW REFINANCING CAN GIVE YOU MORE FINANCIAL FREEDOM

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There's all of this talk about refinancing nowadays... why? Well, it's a pretty big deal. Refinancing your mortgage means replacing your existing mortgage with a new one carrying better terms. Refinancing comes with a number of potential benefits, including…


YOU CAN SAVE ON YOUR MONTHLY PAYMENT


 


YOU CAN TAKE CASH OUT OF THE EQUITY TO PAY OFF HIGHER INTEREST DEBT


 


REDUCTION OR POSSIBLE ELIMINATION OF YOUR MONTHLY PRIVATE MORTGAGE INSURANCE (PMI)


Without giving you too much info on PMI, we will stick to the headline: The inverse relationship of property values and loan amounts lead to a decreasing loan-to-value…which ultimately results in a lower or no PMI for a new loan. Our loan experts are happy to walk you through this and keep you up-to-date every step of the way.


CUT YEARS OFF OF YOUR MORTGAGE


Simultaneously, you can maintain the same payment to pay your home off sooner and save in 


interest.


 


DREAMING OF A CHANGE?


With refinancing, you can leverage the equity in your home to take cash out for home remodeling. Go ahead and upgrade!


Any questions on how refinancing can help you save on your mortgage? Interested in a breakdown of the details? 



Please contact our team today! We look forward to talking with you.


Reiner Realty
Rene Reiner
2923 Brambleton Ave. SW
Roanoke, VA 24015
540-793-4095
Joel Balsley
NMLS#210455
Licensed in VA
Office #: 540-278-1430
Mobile #: 540-597-8877
joelbalsley@atlanticbay.com
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Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
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