Buying a home provides more stability when it comes to your long-term finances, as you no longer have to move from one rental agreement to another and watch your monthly payments rise with each change. This consistency is one of many reasons people are excited to become homeowners; with that said, you do have the ability to change what you pay in time when you refinance. Many people look to change their monthly payments by refinancing. Between your buildup of equity in the home and market fluctuations, this can be a great way to hold onto more of your income while you stay at your property.
FHL Texas understands that refinancing, while appealing, can be intimidating to many. When should you make a move? What kind of terms can you secure? Should you take advantage of a cash-our refinance? Between our insights into the housing market and our help in understanding your loan terms, we can help you make an informed decision. This is just one of many ways in which we can help homeowners who want to improve their financial standing, as we also offer help in reverse mortgages, second home purchases, and investment property acquisitions! (more…)