A mortgage can help you acquire a home that’s suited to your lifestyle and financial situation. It can also provide an opportunity for long-term savings and the achievement of other financial goals through a refinance in Phoenix. VIP Mortgage offers refinancing as a flexible way to make your mortgage work for you in addition to paying for your home.
Refinancing essentially gets you a new mortgage to replace the original one. The process allows you to shorten the term of your loan, lower your interest rate, change your adjustable loan rate to fixed (if applicable), and reduce monthly payments for greater savings.
Provided you have a good credit history, refinancing in Tempe even lets you cash out your home equity, which you can then use to invest in other properties or start a business.
Bear in mind that refinancing does not always work for everyone, especially when you’re planning on moving out soon or the mortgage you’re paying has exceeded ten years. Refinancing is still a compelling option for people who have certain financial pursuits they’d like to fulfill, like sending their kids to college, buying a car, or even reducing credit card debt.
If you want to explore your options, let VIP Mortgage help you figure out how a refinance in Tempe can maximize your savings and get the best value on your loan.
Trust our industry knowledge, experience, and passion for customer service to give you the best possible rates. Contact VIP Mortgage today, and learn how refinancing can work for you, straight from the professionals.