Refinance
Refinancing your home could save you thousands and give you more control over your finances. But navigating the options and figuring out if it’s the right time to refinance can feel overwhelming.
At LV First Choice Mortgage, Inc., our mortgage bankers are here to simplify the process. We'll help you explore your options and find a custom solution that aligns with your financial goals.
What are the reasons to Refinance?
Lower Your Interest Rate Is your current interest rate higher than today's? Refinancing could help you secure a lower rate and significantly reduce your monthly payments. Just be sure the savings outweigh the new closing costs. Use our refinance calculator to see what you could save.
Change Your Loan Terms Whether you want to pay off your home faster or lower your monthly payment, you can adjust your loan terms to fit your goals. A shorter term means higher payments but less interest over the life of the loan, while a longer term lowers payments but costs more in the long run.
Switch to a Fixed-Rate Mortgage Tired of an unpredictable adjustable rate? A refinance lets you switch to a stable fixed-rate mortgage. This is a smart move if interest rates are low and you plan to stay in your home for a long time, as it protects you from future rate hikes.
Capitalize on a Better Credit Score Did your credit score improve since you bought your home? A stronger credit score can qualify you for a much better interest rate. Refinancing gives you the opportunity to leverage that improved score and lock in a lower payment.
Unsure If Refinancing is Right for You? We Can Help.
Figuring out if a refinance makes sense is about more than just a new interest rate. It's about your long-term financial health. Our First Home Mortgage bankers are here to help you calculate your potential savings and break-even point so you can make a confident decision.
Integrity is our top priority. We'll provide an honest assessment and will never recommend a plan that isn't in your best interest.
Ready to explore your options? Get in touch with our team today.