Should I refinance?

It's a question many homeowners are asking themselves these days. No doubt there are some great reasons to refinance.

Top Reasons to Refinance

Save more money - Interest rates are still low. Your monthly
payments will be reduced if you get a low rate or when your loan term is extended.
Convert an ARM to a fixed rate mortgage - Lock in a low rate. Repay the loan with
stable payments.
Eliminate PMI - If your current loan balance is below 80%, refinance and eliminate private mortgage insurance.
Pay down your mortgage quickly - Shorten the length of your mortgage by reducing the loan term. Monthly payments will go up, but you can save more in the overall interest payment. And, you'll be debt free in a shorter time.
Extra cash now - If you have enough home equity, borrow more than the current loan balance and pay off credit card balances with the extra cash. Mortgage interest is deductible. Credit card interest is not.
Consolidate two loans - You can consolidate first and second mortgages if there's enough equity (due to high appreciation), and refinance into a single first mortgage. You'll most likely have a lower monthly payment.

You owe it yourself to at least look into refinancing your home. Refinancing will make sense if you are into it for the right reasons and at the right time. A Waterstone Mortgage professional mortgage can help you decide if refinancing is the best idea for you right now. If it is, your loan originator will find the best program and rate for you. If it's not, you'll get the straight truth. Contact me to refinance today!

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625 Commerce Dr. Suite 208
Hudson, WI 54016

Office: 715-377-3632
Mobile: 651-755-4484
Fax: 651-304-1342
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