Things To Know About Mortgage Refinancing

1. Things To Know About Mortgage Refinancing MORTGAGE Mortgage refinance is the process where a new loan pays off your old home loan and you have to start making payments towards new loan. Important things to know before applying for a mortgage refinance are: 1 % Your existing loan may be swapped for a new loan offering better terms such as lower monthly payments & interest rates. 2 You can opt for a fixed rate mortgage loan instead of an adjustable rate mortgage to lower the risk. 3 A mortgage refinance makes cash available for other purposes and consolidating debt, if any. 4 The term of the loan can be extended by refinancing your existing loan with a new loan of significantly longer term. 5 Refinancing a home loan usually costs some fees that a borrower pays to the bank. 107 W. Hwy. 190 Copperas Cove, TX 76522 254-542-5100 2201 Trimmier Rd. Killeen, TX 76541 254-680-6158 3106 S. WS Young Dr., Bldg. D, Ste. 402 Killeen, TX 76542 254-953-7000 14641 S. Padre Island Dr., Ste. B Corpus Christi, TX 78418 361-949-4647 10961 Gateway Blvd. West, Ste. 200 El Paso, TX 79935 915-843-2681 8522 Broadway St., Ste. 208 San Antonio, TX 78217 210-340-0404 1320 N. Zaragoza Rd., Ste. 111 El Paso, TX 79936 915-858-1996 7348 W. Adams Ave., Ste. 200 Temple, TX 76502 254-771-0020 201 E. Central Texas Expwy., Ste. 1600 Harker Heights, TX 76548 254-680-6155 16165 North 83rd Ave., Ste. 200 Peoria, AZ 85382 480-752-3110 100 W. Central Texas Expwy., Ste. 300 Harker Heights, TX 76548 254-690-3765 www.fcmloans4u.com Image Source: Designed by Freepik