Refinance
One of the first steps to refinancing is to know what your future plans for your home are? How many years remain on your mortgage? How long do you plan to live in your home and do you have any plans that would require you to use the equity in your home?
Before making any decisions, you should speak with an Approved Funding Loan Officer who will compare interest rates and the various terms of loans in an amortization formula. A knowledgeable and experienced Approved Funding Loan Officer can provide you with accurate information on whether or not refinancing is in your best interest.