Take Advantage of Lower Rates
Interest rates are still at all time lows, despite slight
increases. For whatever reason: bad credit, lack of
established credit or higher interest rates at the time of
your first mortgage, you can refinance with a lower interest
rate. Why not save yourself as much as you can by reducing
your interest costs along with your monthly payments.
Get a Shorter Term Loan
A short term loan can reduce interest costs. By reducing the
term of the loan, you can save thousands in interest. A 30
year fixed mortgage can often be switched to a 15 year to
save you a substantial amount in interest costs.
Get a New ARM
An Adjustable Rate (ARM) starts out at a low interest rate
and is adjusted up. Affordable Financial Services can help you save money by refinancing with
another ARM. Check with a loan officer and ask questions. What
are your short and long term goals?
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