fbpx
  • (651) 552-3681

    Home Purchase - Home Refinance
    Serving MN WI IA ND SD CO FL

    Upload Documents Cambria Mortgage app
    Cambria Mortgage application

  • Should I Refinance Calculator

    Is Refinancing Right for You?

    Many people wonder if refinancing their mortgage makes sense. Contrary to old advice that suggested you needed to drop your interest rate by 1% to 2%, the reality is that refinancing can be beneficial for various reasons. Here are some key points to consider:

    • Remove Mortgage Insurance: Refinancing can help you eliminate mortgage insurance, reducing your monthly payments.
    • Switch to a Shorter Term: Opt for a 15-year or 20-year mortgage to pay off your loan faster and save on interest.
    • Lower Monthly Payments: Extend your mortgage term to lower your monthly payments, freeing up cash for other needs.
    • Cash-Out Refinancing: Take advantage of your home equity to get cash for anything you want, from home improvements to debt consolidation.

    See current national rate averages HERE - Ready? Apply Online

Share via
Copy link
Powered by Social Snap