Looking to lower your payment? There are a variety of scenarios that could help you do just that. One way would be to see if you can take advantage of a lower interest rate and refinance your existing loan. Maybe you have a first and second mortgage and combining the two into one single mortgage payment could lower your payment. If you have an FHA loan or PMI on your loan, if you have equity in your home, you may be able to eliminate this monthly cost by refinancing your loan.
Click here if you would like to discuss your options with one of our Mortgage Bankers.