refinancing

Most homeowners consider refinancing when interest rates drop or if there's a change in financial circumstances. A large decline in rates or an opportunity to pay off debts might make refinancing seem like an easy decision, but you shouldn't consider just any single factor on its own.

Thinking about how you plan to use your equity, how long you plan to stay in your home and how a refinance will support your overall financial goals could factor into the decision of refinancing your mortgage.

Affinity Mortgage Corporation has refinancing loans available that can allow you to meet a variety of needs, such as:

  • Getting cash for major expenses or consolidating debts
  • Reducing your monthly payments by lowering your interest rate or extending the repayment period
  • Reducing your interest rate risk by switching an adjustable-rate to a fixed-rate loan or from a balloon to a fixed-rate loan
  • Paying off your mortgage faster by shortening the term of your loan

Affinity Mortgage Corporation tracks interest rate trends on a daily basis. You can contact us to receive periodic rate updates by phone or email, and/or choose to be notified when rates drop below a certain level.

Should you refinance? Find out if you can refinance now by utilizing our refinance calculator, applying now or by having a mortgage consultant contact you.