Are you paying too much interest on your Colorado mortgage? Are your house payments too high? Is it time to get out of your adjustable rate loan and lock in a fixed rate? Colorado Springs Mortgage has your answers. We will educate you about our loan refinancing services.
The Colorado Springs Mortgage Fixed or Adjustable Rate Refinance Programs may allow you to:
Mortgage refinancing becomes worth your while if the current interest rate on your mortgage is at least two percentage points higher than the prevailing market rate. This figure is generally accepted as the safe margin when balancing the costs of refinancing a mortgage against the savings.
There are considerations, such as how long you plan to stay in the house. Most sources say that it takes at least three years to fully realize the savings from a lower interest rate, given the costs of the refinancing.
Refinance your rising adjustable-rate mortgage home loan to a low Colorado fixed rate mortgage. Call Colorado Springs Mortgage and get pre qualified in 1 hour.