When to refinance

Mortgage rates are at all-time lows according to mortgage interest rate surveys by Freddie Mac. But rates are rising. If you haven't refinanced to consolidate debt or to take advantage of today's low rates yet you'll want to speak to a mortgage consultant.

Our mortgage consultants will go over loan options available to you and provide expert financial advice at no cost whether your goal is to change the loan type from adjustable to fixed or to restructure your mortgage to save you and your family money in the long run.

If it doesn't make sense for you to refinance your mortgage, we'll tell you so.

Reasons to refinance People refinance for many reasons. The most common: to lower monthly payments to eliminate mortgage insurance to change the loan type to fixed rate or adjustable to get money for home improvements to pay off or consolidate higher interest debt, like credit cards tax savings (car loans, credit cards, and personal loans are not tax deductible but mortgages are fully deductible) first payment due dates deferred for 60 days (So if you close a loan in February, depending on which day of the month you close, your first payment will not be due until April 1st

Determine if refinancing makes sense with our refinance calculator.

Articles on mortgage refinancing

• 80/20 piggyback mortgage vs. standard mortgage with PMI
• When to refinance your mortgage
• Refinance or take out a second mortgage?

Refinance mortgages

If you think refinancing is right for you, please contact the Pennsylvania Mortgage Store today. We offer many different refinance loans through our network of lenders and one is sure to fit your needs. We have quick turnaround time, usually 7-10 days, and there are no out-of-pocket costs. Contact us today and one of our experienced mortgage consultants will start working with you to determine your best refinance options.

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