Refinance your home!
There are a few reasons why now might be a good time to refinance your home:
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Interest rates are still historically low: If interest rates have decreased since you took out your current mortgage, refinancing could help you secure a lower interest rate and potentially save you money on your monthly payments.
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You have improved your credit score: If you have improved your credit score since you took out your current mortgage, you may be able to qualify for a better interest rate by refinancing.
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You have a stable income: If you have a stable job and income, you may be able to qualify for a better interest rate or loan terms by refinancing.
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You want to consolidate debt: If you have high-interest debt, refinancing your mortgage and rolling your other debts into the new mortgage could help you pay off your debt faster and at a lower overall cost.
It’s important to keep in mind that refinancing isn’t always the best option. You should speak with the SJ Home Loan team to get a better understanding of your options and whether refinancing is right for you.