Refinance Mortgage in Georgia



The most common reason people consider a refinance mortgage is to reduce their monthly mortgage payments. However, did you know that there’s more to refinancing than just changing loans? It is important to do some research to ensure it’s worth refinancing or else you may end up paying more with your refinance mortgage than you previously were.

For example, if you are considering refinancing because of reduced interest rates, you should first calculate to see how much the reduction will save you monthly.

There’s no point opting for a refinance mortgage in Georgia if you plan to sell your home in a year or two. It’s only if you can save more than the cost of refinancing, that it makes sense to do so; otherwise, you may as well stick to the original mortgage loan.

An added benefit refinancing is the ability to convert from an adjustable rate mortgage to a fixed rate refinance mortgage so that you end up with constant monthly payments. An improved FICO score of 760 or higher is another valid reason for a mortgage refinance as your improved credit score fetches you lower interest rates. Make sure to keep up to date on your credit report and look for any errors.

With so much to consider when refinancing, it is easy to see why many people opt to stick with their current mortgage instead of switching, losing out on potentially thousands of dollars in savings.

Find out what options you have by giving us a call today. We’ll work with you so that you have a definitive answer if refinancing makes sense for you. We will help you through the entire refinance mortgage process starting from its pre-approval to its application, processing, approval and closing stages.



Georgia County Mortgage Service Areas