Conforming 30 year fixed rate mortgage rates:
Rate 4.250% - Zero points - Fees $1295.00 - APR 4.271%
The above scenario is based on a $200,000.00 loan amount
Refinancing your home mortgage gives you the chance to lower your monthly payments, pay less interest or change your mortgage terms. Home loan refinancing basically means taking out a completely new loan, with a new term and interest rate to replace your current mortgage.
Keep in mind that during a refinance, you may be required to get a new home appraisal, along with providing similar documentation that you presented when you initially bought your home.
David Braun Jr.
Mortgage Sales Manager - NMLS# 303007
Integra Mortgage Corp.