Refinancing a mortgage at a lower interest rate isn’t always the right decision. Having bragging rights at the neighborhood picnic isn’t a reason for refinancing a mortgage. Instead, it’s good to put some thought behind the timing of your decision. Refinancing a mortgage multiple times can reduce your overall financial benefit. Refinancing junkies who always migrate to the next low mortgage rate pay a hefty price by leaving a trail of closing costs in their wake. In some cases, refinancing a mortgage makes sense. In other cases, it may be more prudent to stick with your current loan.
There are lots of reasons to refinance, including:
Whatever your reason, look to MCA to help you determine if now is the right time to refinance. We’ve got 30 years in this mortgage loan industry behind us, and we’ll help you figure out the best loan options for you, get your paperwork in order, and get your new loan closed as quickly as possible.
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