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One of the first steps to refinancing is knowing what your future plans for your home are? How long do you plan to live in your current home? How many years remain on your mortgage? And, do you have any plans that would require you to use the equity in your home?

Before you make any decisions, make sure that you consult an Alpha Mortgage consultant who will compare interest rates and the various terms of loans in an amortization formula. A knowledgeable Alpha Mortgage consultant can provide you with accurate information on whether or not refinancing is in your best interest. Remember, when possible, try to reduce the life of the loan. You will save thousands of dollars over the life of the loan by reducing the term of the loan.

Click Here to e-mail an Alpha Mortgage consultant to see if refinancing is in your best interest.

Click Here for the refinance calculator

 

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