3 TOP Reasons To Refinance Your Mortgage Loan

There is a time and a place to refinance your mortgage loan at the Lake of the Ozarks. This process isn't for everyone but for some, it may be just the financial help you are looking for. Our Lake of the Ozarks mortgage company is here to give you three TOP reasons for refinancing your mortgage loan in this week's blog. Thinking of refinancing your home loan? Call MHQ - Mortgage Headquarters today at (573) 302-9990. For more information, please visit our website for refinancing options, https://www.mhqmortgage.com/RefinancingOptions.


3 TOP Reasons To Refinance Your Mortgage Loan


 1. TO TAKE ADVANTAGE OF YOUR NOW IMPROVED CREDIT SCORE.
Typically, the higher your credit score the lower the mortgage rate you will get. So, if you started off with a pretty lowe credit score but you have improved your credit score tremendously since then, you should ask your mortgage lender at the Lake of the Ozarks about refinancing for a better rate!

 2. TO LOWER YOUR PAYMENTS.
Are your refinance goals to lower your rate and consequently your mortgage payments? In that case, your best choice might be a low fixed-rate loan.

  • Maybe you now have a higher rate fixed rate mortgage, or perhaps you hold an ARM — adjustable rate mortgage — where the interest rate can vary. Even as interest rates rise, a fixed-rate mortgage must remain at the same, low interest rate, unlike an ARM. 
  • If you expect to stay in your home for at least five more years, a loan with a fixed rate may be a particularly good choice for you. 
  • But if you do plan to sell your home more quickly, you will need to consider an ARM with a low initial rate in order to achieve lower payments.


 3. TO REDUCE YOUR PMI.
In some cases, you can get rid of your Private Mortgage Insurance when you refinance. Typically, this could happen if you shorten your loan and reduce your payments. It's worth asking your mortgage loan officer about if you are considering refinancing your loan.

Talk To MHQ-Mortgage Headquarters About YOUR Refinancing Options!


The huge number of refinance options available to borrowers is truly breathtaking. We can guide you to select the refinance program that can fit your financial situation the best. Contact us at (573) 302-9990 to get started. What are your reasons for your refinance loan? Whatever they may be, we are here to answer any questions you may have! Give us a call. You can also learn more by visiting our website at www.MHQMortgage.com. Follow our social media channels listed below to stay up to date on our latest announcements.



Mortgage Headquarters of Missouri, Inc
4824 Osage Beach Parkway, Suite 1
Osage Beach, MO 65065

Office: (573) 302-9990
Toll Free: (888)799-1206
Fax: (636)648-9917

NMLS # 1229111

www.MHQMortgage.com



Follow Us On:   Facebook   |   Twitter   |   LinkedIn
Location: Osage Beach, MO 65065, USA

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