As a homeowner, chances are good that you follow along with mortgage rates closely. If rates have declined, but you continue to pay the same high interest on your home loan, a refinance might be in order.
Refinancing your loan allows you to obtain a more competitive interest rate than the one you are paying today.
You can change the format of your interest rate through a refinance (switching from fixed to adjustable or vice versa).
If you would like to extend or reduce your loan term, a refinance makes this a possibility as well.
Are there other terms of your mortgage which you currently are not satisfied with? Renegotiate them through a refinance based on your current borrower profile.
Here are some of the top reasons why customers refinance in Columbus and throughout the state of Ohio:
Whether your mortgage rate is fixed or adjustable, if interest rates have dropped below what you are paying at present, a refinance could help you reduce your monthly payments.
When you signed on your mortgage, you chose the type of mortgage rate (fixed or adjustable) which best fit your needs at that time of your life. But needs evolve, and perhaps now a different format would suit you better.
If you have had a chance to increase your credit score and decrease your DTI, a refinance may qualify you for a mortgage which is more flexible and accommodating.
Changes in income also may necessitate a refinance in order to keep your home loan as affordable as possible.
If your monthly budget has become strained, a refinance to increase the term of your mortgage may help.
If you want to pay off your home loan early, a refinance to a shorter term can help you circumvent a pre-payment penalty.
How much money could you save with a refinance on your mortgage? During your consultation, we can help you find out. If you are ready to save money while making your mortgage more ideal for your needs, please give us a call today at (614) 505-0620 to schedule your consultation for your home refinance in Columbus or elsewhere in Ohio.
Liberty Capital Services LLC is located on 438 E Wilson Bridge Rd #106, Columbus. From John Glenn Columbus International Airport (CMH) head south on Stelzer Rd and use the right lane to turn right onto International Gateway. Then keep right to stay on International Gateway and merge onto I-670 E. Next, continue onto US-62 E and use the left 2 lanes to merge onto I-270 N toward Cleveland. After that take exit 27 toward Cleveland Ave and use the right 2 lanes to turn right onto Cleveland Ave. At this point use the left 2 lanes to turn left at the 1st cross street onto Schrock Rd and continue straight to stay on Schrock Rd. Finally, turn right onto Huntley Rd and turn right onto Worthington Galena Rd. Turn left and Liberty Capital Services LLC will be on your right.
We are open Monday - Friday 9am - 6pm.
Liberty Capital Services LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.