October 7th, 2015 11:44 AM by Jackie A. Graves, President
During the term of your mortgage, you may want to refinance to
meet a variety of personal and financial goals. Refinancing will completely
replace your current mortgage with a new loan that provides you with a new
term, rate, and monthly payment.
are three primary types of refinances, each addressing specific needs of today’s
2009, Freddie Mac has funded nearly $1.8 trillion of refinance mortgages,
saving homeowners an average of $2,500 per year, or $208 per month.
out to your lender to discuss refinancing options that fit your goals. To get a
sense of how much it may cost to refinance your mortgage, check out our refinance
Courtesy of Freddie Mac – To view the original article click here