Thousand Oaks Refinancing Benefits
Refinancing your home could easily save you thousands upon thousands of dollars in the coming years. Whenever interest rates are lower than the rate you are currently paying, it’s in your best interest to refinance. Even if you’ve refinanced recently, there still might be thousands of dollars more in savings for you to take advantage of. We even offer no cost refinancing options!
Top Five Reasons to Refinance
Since today’s interest rates may be lower than the rate you are paying on your mortgage, a refinancing transaction can save you thousands over the course of your mortgage by lowering your monthly payment. You’ be amazed at how quickly savings add up after refinancing.
A refinance loan can be used to obtain cash that you can use to pay off other debts or to bolster other investments, assuming you have equity in your property. Cashing out can greatly increase your financial flexibility.
Reduce the Time Left
remaining on your Mortgage
Refinancing through one of our fixed-rate options (10, 15, 20, 25, or 30 years) can take years off of your mortgage. If your financial situation has improved since the beginning of your mortgage, this might be an ideal option for you to consider.
Switch your Adjustable Rate
to a Fixed One
Refinancing now would be a great option if you’d prefer the stability of a fixed rate loan to your current adjustable rate. A fixed rate mortgage is far less of a hassle to plan around far into the future, and will likely present no drawbacks to you.
Extend the term of your Mortgage
If your current mortgage is short-term, you can extend the term of that mortgage to a 20, 25, or 30-year option in order to lower your monthly payments and gain financial flexibility. If your curre nt monthly payment is putting too much of a strain on your finances, you may want to consider this.