If you bought a home while the housing market was down, you might be feeling the effects of a high loan rate. Now that the housing market is booming, you might want to take advantage of the lower loan rates that are available. To learn what kind of savings you can enjoy, contact Purpose Funding. We provide home refinance loans for homeowners in Anaheim, CA, and the surrounding areas.
Why Do a Mortgage Refinance?
There are a number of reasons why you may have gotten a high interest rate on your original home loan. Before completing a home refinance, you should examine what those reasons are and work to correct them. For example, if your credit score was low when you got your original loan but it has improved since then, now is a great time for you to refinance.
You may have even had a change in your job status or received a promotion. If that’s the case, you might want to switch from a 30-year to a 15-year loan, which involves higher bills each month but less money paid out overall.
At Purpose Funding, we’ll work with you to find the best option for you and get you those home refinance mortgage savings. Call us at (844) 427-3863 to learn more.