What Is Refinancing? Explained in Simple Terms 💰
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YouTubeThomas Harris
What Is Refinancing? Explained in Simple Terms 💰
In this video, I break down what refinancing is, how it works, and when it might be the right choice for you. Whether you’re looking to lower your mortgage rate, access home equity, or adjust your loan term, refinancing could be the solution to your financial goals. Key Points: • What refinancing means and how it works • Benefits of ...
549 views10 months ago
Shorts
💸 Is it the right time to refinance your mortgage? With interest rates shifting and home values rising, now might be your window to: ✅ Lower your monthly payment ✅ Tap into equity with a cash-out refi ✅ Pay off high-interest debt But timing is everything. Refi too early or too late, and it could cost you. 📹 Watch the video to learn what to consider before refinancing — including when it’s smarter to go with a HELOC instead. #Refinance #MortgageTips #HomeEquity #FinancialFreedom #HomeOwnerGoals
7 views
💸 Is it the right time to refinance your mortgage? With interest rates shifting
Pioneer Home Lending
3 Easy Ways to Save Money on Your Mortgage! Want to free up more cash each month or pay off your home sooner? Try these proven tips: 1. Refinance when rates drop (if you purchased in 2023, your rate is likely in the 7% range) rates are slowly coming down and even a small rate change can lower your monthly payment. 2. Make one extra payment a year — this simple move can cut years off your loan and save thousands in interest. 3. Remove PMI — if you put down less than 20%, you may be paying private
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