With interest rates near all-time lows, there has never been a better time to take advantage of the financial opportunities from refinancing your existing home mortgage. Kansas City homeowners have the option of switching to a 10, 15, or 30-year fixed interest rate through refinancing, giving them a set monthly mortgage payment for the remaining duration of their loan. With the many financial benefits, refinancing is a popular option among Kansas City homeowners, who can reinvest their savings into achieving their personal and financial goals.
Advantages of Home Refinancing
- Save Money with Low-Interest Rates Kansas City homeowners that switch from a variable rate to today’s historically low interest rates through refinancing can greatly lower their monthly payments while continuing to build equity in their homes.
- Free Up Funds By saving money through refinancing, Kansas City homeowners can free up funds for debt consolidation, major home improvement projects, college tuition, or other large financial expenses.
- Shorten the Term of Your Mortgage Homeowners that have increased financial stability since originally setting the terms of their mortgage can reduce the term of their home loan through refinancing. While shortening the duration of the loan will increase monthly mortgage payments, Kansas City homeowners that choose to do this pay less interest than longer-term loans.
Home Refinancing with Golden Oak Lending
At our Kansas City office, your mortgage specialist will be your partner in the refinancing process. Our personalized service ensures that you are not only getting a tremendous low fixed interest rate, but also getting terms that work best for your financial situation and future goals. A growing number of Kansas City homeowners are choosing to take advantage of the many financial benefits of refinancing, so contact us today to start your home refinancing process right away!