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Sponsored Brief: Is a refinance right for you?


Last updated 12/20/2018 at Noon

There are many things to consider before refinancing your mortgage.

Shorten the term of your loan. If you have a 30-year loan, now might be a great time to consider looking at a 15-year loan.

Converting adjustable and fixed-rate financing. If you currently have an adjustable-rate mortgage (ARM), refinancing to a fixed-rate mortgage locks in your rate and protects you from future interest rate adjustments. You could also convert from a fixed-rate mortgage to an ARM if you plan to sell your current home soon.

Tapping into home equity and consolidating debt. You may want to access the equity of your home to remodel your home, or pay off higher-interest debts.

Contact me today! Ed Dorame, Senior Loan Consultant, NMLS ID 57774, 206-510-2118. edward.dorame@caliberhomeloans.com.


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