Six Reasons You May Want to
Refinance Now

Attention Veterans - VA rates are great and all VA loans have no private
mortgage insurance.  Call today to get a quote.  No cost or obligation!

 Refinance to Shorten the Term of Your Loan.
If you have a 30-year mortgage, now may be a great time to consider refinancing.
With low interest rates, you may find that a 15-year mortgage is not much
more expensive than the 30-year loan payment you have been paying.

2.  Refinance to Lower Your Interest Rate.
Mortgage rates are as low as they have been since 2016.  Call today for a customized
quote without cost or obligation.  If your home is now financed at a higher interest
rate, it may be a great time for you to consider refinancing. You could literally save
tens of thousands of dollars just by taking the time to fill out the necessary
paperwork and gather the needed documents.  
Beware of the rates you see
advertised on the internet.
 Click here to learn the truth.

3.  Refinance to Lower Your Payment.
Refinancing your mortgage at a lower interest rate could mean drastically
reducing your payment and saving tens of thousands of dollars in interest.
Lowering your mortgage payment could also free up hundreds of dollars
per month that could be saved or invested. Although refinancing to lower
your payment could increase the term of your loan, it could make sense in
your particular situation.

4.  Refinance from an Adjustable Rate Mortgage
(ARM) to a Fixed Rate Loan.
If you currently have an adjustable-rate mortgage, now may be the perfect
time to refinance into a fixed-rate loan. Interest rates are low now, but they
may not stay this low forever. Locking into a low, fixed rate can protect you
from rising interest rates in coming years. Additionally, a fixed payment is
easier to plan for and budget.

5.  Refinance to Cash Out Home Equity.
It’s a tempting proposition to cash out your home equity by refinancing
your home. It could even be a great financial move in some circumstances.
For instance, it may make sense to cash out some of your home equity in
order to buy an investment property, start a business, make home
improvements or pay off credit card debt.  It mostly depends on what you
are trying to achieve and if you are someone who can manage your
debts responsibly.

6.  Refinance to Eliminate Monthly Private
Mortgage Insurance (PMI)
Have monthly pmi now?  Wish it would go away?  If someone told you
that you need 20% equity... they were wrong!

Time to Refinance Calculator

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First Federal Bank is an FDIC insured nationally chartered mutual savings bank approved lender.  NMLS# 408902.
We are an approved VA and FHA Lender. VA Lender: #6353290000 | FHA Lender: #7478000079
First Federal Bank, 2450 Atlanta Hwy Suite 1103 Cumming, GA  30040
Bill Brown
NMLS# 1460898
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