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Refinance Mortgage

Posted On: May 26, 2022 by San Luis Valley Federal Bank in: Financial Education

Should I Refinance My Mortgage?

Your financial situation, and economic conditions, can change a lot in 15 or 30 years. Your monthly budget may get squeezed due to other major expenses, or you may be able to pay your home loan off more quickly, thanks to getting a raise. Interest rates may change, affecting how much it costs to borrow money.

Because of this, it's highly likely that the mortgage you took out when you first bought your home won't remain the best deal for you.

Thankfully,...

Tags: Mortgage, Refinance