All You Need to Know about Refinance Your
                     ALL YOU NEED TO KNOW 
ABOUT REFINANCE 
YOUR MORTGAGE
HTTPS://WWW.OSPREYMORTGAGELENDING.COM/
There are many reasons to 
refinance your mortgage, like 
lowering your monthly payments, 
saving on interest, or simply paying 
off your loan faster.
THE BASICS OF REFINANCING
Refinancing means that you are applying for 
a new loan on your property. Ideally, your 
new “refinanced loan” should have better 
terms than the old one.
THE BENEFITS OF MORTGAGE REFINANCING
• Get a longer loan term.
You can refinance for a longer loan term, such as going from a 15-year 
mortgage to a 30-year mortgage which can significantly lower your 
monthly payments.
• Lower the interest rate or switch to a fixed rate
Many have already taken advantage of current low-interest rates, 
ensuring that no matter where the rate may go in the future, they will 
have a reliable monthly payment they can afford. 
THINGS TO CONSIDER BEFORE YOU REFINANCE
While mortgage refinancing has its benefits, 
there are a few things to consider before 
committing to a new loan.
THE ROAD TO REFINANCING: STEPS TO REFI YOUR 
LOAN
• Be clear with your goals.
• Calculate your savings.
• Contact a trusted loan advisor.
• Apply for a new loan.
• Lock your interest rate.
• Close the loan
CONCLUSION
Whether or not refinancing is for you depends on your goals and 
financial situation.  If the rates are low and you have a stable income. 
then refinancing is worth considering. Do you need professional help 
with your refinancing situation? Connect with one of our mortgage 
experts today!
INFORMATION 
SOURCE
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