We'll
take the confusion out of refinancing and help you make the
best decision. Our
mortgage lenders design our refinance transactions to keep
closing costs to a minimum and demonstrate to you how we can
save you money. We make refinancing your mortgage as easy
as possible.
If you're ready to refinance, we're
ready to help - Contact
us
Considerations in Refinancing
To determine whether refinancing is right for you, it is important
to look at your individual situation. Here are some
things to consider…
Why do you want to refinance?
Most people refinance their homes to reduce the interest
rate and the monthly payment. You may also be interested
in reducing your loan term or replacing an adjustable rate
loan with a fixed rate loan. Sometimes refinancing
makes sense when you want to better manage your finances
by consolidating existing debt or borrow for some additional
reason.
How much will it cost you to refinance?
Your cost to refinance will vary by loan program. In all
cases, your KleinBank mortgage loan consultant will
design your loan program to meet your needs. The best
way to determine the exact costs is to contact a KleinBank mortgage lender who will give you a good faith
estimate of the costs.
How long do you plan to stay in your current home?
If your primary reason for refinancing is to lower your
interest rate and monthly payment, then your estimated
pay back period (the number of months it takes to recoup
your closing costs) is very important. The longer
you plan to live in your home, the more likely it is that
refinancing will make sense for you.
Can I include closing costs in the new loan amount?
Yes, provided you have the equity in your home and you qualify.
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