Rate & Term Refinances

Mortgage rates and terms fluctuate depending upon the economy and market conditions. If you bought your home ten years ago and rates were higher, you could save money and the loan pay-off time through refinancing. A rate and term refi enables you to change the terms of your existing mortgage and change them with terms that are more favorable to you.

You will receive a new loan, pay off your current mortgage, and begin making payments toward the newly refinanced loan. However, just because mortgage rates are lower doesn’t necessarily mean you should make a move. There are many factors involved, and having the counsel of an experienced advisor can save time and money.

At Myers Capital, we monitor refi rates and terms daily. We know what the market is currently delivering and trends that might be favorable or unfavorable to our clients considering refinancing.