When it comes to refinancing an existing mortgage, MPG Mortgage has options to fulfill all your needs. With expert guidance, hassle-free approvals and lightning fast closings, we know you’ll be glad that MPG Mortgage is on your side.
There are many reasons to refinance, especially with mortgage refinance rates still at historically low levels. Regardless of the reason, one thing you should be asking before you even start the process is: “How Much Will Refinancing Cost Me?” Fees and points can quickly add up and cost you thousands. At MPG Mortgage, we will make sure your closing costs are kept to a minimum and you receive the most competitive rate.
Here are some of the most common reasons to refinance:
Reduce Your Interest Rate
Now is a great time to take advantage of historically low interest rates. At Scout Mortgage we shop many of the nation’s largest and most competitive mortgage lenders. You’ll be assured the right combination of a low rate and low closing costs.
Reduce The Term of Your Mortgage
Shorter term mortgages generally have lower rates. The combination of a shorter loan term and a lower interest rate can save you thousands of dollars over time. Our Loan Originators can help you determine the best loan term for your needs.
Get Cash Out of Your Home
When you refinance your mortgage you can also take out equity. This is very useful for consolidating debt, whether it’s a second mortgage, student loans or credit cards. Combining debt into a mortgage loan, often times results in a lower fixed rate and a substantial improvement in your monthly cash flow. You can also take out equity for home improvement projects and just about any other need you may have.
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