Are you considering taking advantage of lower interest rates, or maybe getting cash out via mortgage refinancing in the metro New Orleans, LA area? The professional loan officers at America’s Mortgage Resource with offices in Metairie, New Orleans & Baton Rouge, LA can provide you with a customized rate quote on a rate and term or cash out refinance today!
Another important benefit of refinancing is when a borrower who can reduce the number of years they have remaining on their loan. For instance, if you have a 30 year mortgage and are able to refinance to a lower rate on 15 years, you may be able to payoff your loan in a much shorter time frame and possibly keep your payment at a similar level. In this scenario, even if your payments stay the same, you will end up paying less in the long run when the total amount of interest is added up.