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Home
 Residential
Refinancing
Guide When
to Refinance
When interest
rates drop, everyone starts talking about refinancing.
To determine whether the time is right for you to refinance,
consider how long you plan on staying in the house, the difference
between your existing rate and current rates, and how much
it costs to refinance. Some of the top reasons to refinance
a home loan include:
- Lowering your interest rate
- Acquiring cash for home improvements, college, or major
purchase
- Moving from an ARM to a fixed-rate mortgage
- Moving from a fixed-rate mortgage to an ARM
- Changing the term of the loan (going from 30 years to
15 or vice-versa)
- Moving from a balloon mortgage to an ARM or fixed-rate
mortgage
- Eliminating mortgage insurance payments
Gershman Mortgage offers no-cost refinancing. Call 1-800-GERSHMAN
or e-mail
to learn more about refinancing with Gershman.
Use our refinancing calculator
to determine how much refinancing will save you.
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