Things to consider when refinancing a VA Mortgage Loan

Many people are considering refinancing because the current market interest rates are so low. If you have been looking into how refinancing benefits you and you want clarity as to how it works, you need to have a conversation with a qualified mortgage loan expert.

Because mortgages make up one of the largest debts you will incur, even a small adjustment in mortgage rates can save you hundreds. If you have an adjustable rate mortgage, this may be especially clear to you, as your monthly payments change with the interest rates. But even with a fixed-rate mortgage, you can  quickly calculate that with a few tenths of a percentage point off my interest rate, you could save over a thousand during the length of my mortgage. That’s a thousand that could go into your retirement account, or for the kids’ college.

Refinancing can seem a little complex but Choice Mortgage Group has streamlined the process with their Approval Express which can let you know with almost certainty about your ability to have you loan approved.

Contact Emmanuel St.Germain, Vice President of Choice Mortgage Group today to get started, 561.400.7317.