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: 1882995
www.nmlsconsumeraccess.org

Contact Us

P O Box 1328
Moreno Valley, CA 92556
Phone: 3233335219
buskeyteam@yahoo.com

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