Proud Local Founding Partner of the First Tee of the Virginia Blue Ridge.  http://www.thefirstteevirginiablueridge.org/

Sample Image

When I should refinance?

It's generally a good time to refinance when mortgage rates are 2% lower than the current rate on your loan. It may be a viable option even if the interest rate difference is only 1% or less. Any reduction can trim your monthly mortgage payments. Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month. Your savings depends on your income, budget, loan amount, and interest rate changes. Your trusted lender can help you calculate your options.

 

In certain instances, refinancing an existing loan may result in the total finance charges being higher over the life of the loan.

Pre-qualify for a loan in a few simple steps

Get Started

Fill out your Secure Application

Apply Now

See what our clients are saying:

Testimonials